QBE 1.31% $15.87 qbe insurance group limited

News: QBE UPDATE 1-British watchdog enlists eight insurers for pandemic test case, page-7

  1. 322 Posts.
    lightbulb Created with Sketch. 66
    Can we expect similar outcome here in Australia as in the UK?
    I guess the main issue here is that insurance contracts were signed while referring to the repealed Quarantine Act of 1908.
    https://www.theage.com.au/business/banking-and-finance/insurers-deny-business-insurance-claims-as-battle-begins-20200605-p55000.html

    Maybe they didn't read the small print
    Now, does declaring the state of emergency give insurers a right to call on Force-majeure? Did something similar happen anytime before in Australia?



 
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