Dec 21 (Reuters) - Suncorp Group Ltd (SUN) :
- BUSINESS INTERRUPTION INSURANCE UPDATE
- FEDERAL COURT OF AUSTRALIA RULED ON 18 DEC IN MATTER OF ROCKMENT PTY LTD T/A VANILLA LOUNGE V AAI LIMITED T/A VERO INSURANCE
- COURT'S INTERPRETATION CONSISTENT WITH CO'S POSITION OF COVER FOR LOSS FROM PANDEMIC HIGH RISK FOR INSURER WHICH WOULD NORMALLY BE EXCLUDED
- IN LIGHT OF THIS FAVOURABLE OUTCOME, SUNCORP BELIEVES THAT ITS OVERALL RESERVING CONTINUES TO BE ADEQUATE
- VALUATIONS WILL BE FINALISED AS PART OF PROCESSES FOR HY ENDED DEC. 31, 2020
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