Murray Goulburn insurer says it shouldn’t be on the hook for class action settlement

Insurance 2021-02-23 3:06 pm By Spencer Fowler Steen | Melbourne

Murray Goulburn insurer AIG Australia says it should not have to pay 20 per cent of a $42 million class action settlement reached by the dairy cooperative, arguing on Tuesday that the class action claims failed to satisfy the definition of a “securities claim” in its insurance policy.