Insurers are flagging more than $450 million will soon be returned to investors after the High Court rejected further legal appeals against pandemic-related business interruption insurance claims.
IAG, Suncorp and QBE are among insurers that had socked away more than $1 billion in provisions for lawsuits potentially affecting thousands of businesses.
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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
