Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Suncorp Group Provides Business Interruption Insurance Update

21 Dec 2020  |  08:18:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Business Interruption Insurance Update

Suncorp Group advised that the Federal Court of Australia ruled on 18 December 2020 in the matter of Rockment Pty T/A Vanilla Lounge (Vanilla Lounge) v AAI T/A Vero Insurance. The Court's interpretation is consistent with Company's position that cover for loss arising from a pandemic is a high risk for an insurer which would normally be excluded. Valuations will be finalised as part of processes for the half-year end at 31 December 2020.

Please click here for full details

See more ASX300 News Announcements