Class action against insurer’s denying COVID-19 claims

The economic pain just goes around in circles. You can’t just single one industry or sector and say that they’ve been affected, everyone has been. That’s also the whole point of insurance as well, isn’t it? Managing risks and mitigating loss to an individual by spreading/sharing it across the community (through insurers – provided the claims aren’t being denied).

#covid #covid19 #coronavirus #pandemic #insurance #claims #insuranceclaims

https://ift.tt/39f4VIs
An iconic Brisbane bar and restaurant has lost millions due to ongoing lockdowns caused by the COVID-19 pandemic, but its insurer is refusing to pay out its claim for business interruption.