There are many business interruption insurance policies that have been issued by insurers, with a range of different policy wordings and exclusions.
Important Update: Appeal Dismissed
The Full Court has dismissed the appeal against the Federal Court’s declassing decision.
The Business Interruption Insurance Class Actions will not continue as class actions.
On 5 December 2024, the Federal Court made findings and determinations under section 33ZB of the Federal Court of Australia Act 1976 (Cth) and ordered that group members be given an opportunity to opt out. Group members will receive an Opt Out Notice over the next few weeks.
We understand this outcome will be disappointing for many affected businesses.
More information on the QBE and Lloyds Business Interruption Insurance Class Action can be found online at
https://gordonlegal.com.au/business-interruption-insurance-class-action.
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