The High Court has knocked back an attempt by the Insurance Council of Australia to avoid paying out business interruption claims lodged during the COVID-19 pandemic, spurring law firms to launch class actions to resolve the drawn-out saga.
The High Court on Friday refused to grant special leave to appeal to the insurance sector, but the decision does not yet mean companies will pay out claims to thousands of businesses that have applied.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
