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Insurers largely prevail in second COVID-19 test cases
Insurance 2021-10-08 5:13 pm By Christine Caulfield

Insurers have largely succeeded in challenging COVID-19 business interruption claims by a group of small businesses, in an important second test case that could save […]

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QBE says infectious disease exclusion applies to COVID-19 claims in Victoria
Insurance 2021-09-22 4:58 pm By Miklos Bolza

While a first test case in NSW rejected insurers’ interpretation of infectious disease exclusions in COVID-19 business interruption policies, potentially putting the industry on the […]

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Lockdown didn’t trigger business interruption policy in COVID-19 test case, IAG tells court
Insurance 2021-09-06 10:05 pm By Christine Caulfield

Lockdown orders by the Victorian government and an international travel ban in place last year during the first wave of COVID-19 did not trigger a […]

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IAG hit with class action over COVID-19 business interruption claims
Class Actions 2021-09-03 4:00 pm By Miklos Bolza

Insurance Australia has been hit with a class action by business owners whose claims for business interruption losses caused by the COVID-19 pandemic have been […]

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Judge ‘bereft’ of power to vary $138M IAG settlement to allow late opt outs
Insurance 2021-04-23 5:07 pm By Miklos Bolza

A $138 million class action settlement with IAG over alleged junk insurance will go ahead after a judge found he was “bereft” of power to […]

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Greensill Capital owes creditors more than $1.75B, faces likely liquidation
Restructuring & Insolvency 2021-03-19 11:27 pm By Christine Caulfield

The Australian unit of Greensill Capital is heading for liquidation owing creditors in excess of $1.75 billion, administrators revealed Friday. The administrators, from Grant Thornton, […]

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Late opt outs imperil $138M IAG ‘junk insurance’ class action settlement
Class Actions 2021-03-12 4:43 pm By Miklos Bolza

A group of late opt out notices by group members in a class action over IAG insurance, who were egged on in part by a […]

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Greensill Capital files for insolvency in UK
Restructuring & Insolvency 2021-03-09 9:55 pm By Cindy Cameronne

Greensill Capital UK filed for insolvency in a London court on Monday, less than a week after Credit Suisse cut off four funds worth $12.9 […]

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Two law firms can’t rep insurers in $309M dispute over Queensland LNG project
Insurance 2021-03-09 2:16 pm By Miklos Bolza

A judge has found a group of insurers defending a $309 million lawsuit over an Australia Pacific LNG project in Central Queensland cannot be represented […]

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Court to hear another COVID-19 business interruption test case
Insurance 2021-02-24 10:00 pm By Cat Fredenburgh

A group representing insurers has filed another test case over pandemic coverage in business interruption policies, following a landmark loss in a test case concerning […]

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