Lawyer says BI insurers' legal arguments in Australia were too narrow
The outcome left the insurer with less headroom to cover Australian BI claims
Underwriters in northern Australia put under microscope in three-year study
Australian insurer assessed its potential BI exposure as at 30 October
Further cases on policy issues not yet tested in court are probable
Climate analyst warns adaptation is needed as climate change intensifies
Trade body estimates A$60m insurance bill as 5,000 claims lodged in Queensland
Insurers paid A$5.94bn for 2019/20 natural disasters in Australia
Asic sets out its expectations to general insurers
The case will be heard by the New South Wales Court of Appeal in October.