The Star ponders BI appeal as deadline looms
The Star Entertainment Group says it is still considering whether it will appeal after it was unsuccessful in court action against insurers over a business interruption claim for losses resulting from COVID-19 restrictions.
“The company is considering next steps, including appeal options,” The Star says in commentary provided with full-year financial results on Thursday. Any appeal must be lodged by September 2, it says.
Federal Court Chief Justice James Allsop on August 5 dismissed The Star’s case against Chubb and other insurers.
The casino group, an ASX 200 company, had argued its civil authority extension provided cover for financial losses sustained given the inability to use its property and accept customers as a result of government actions to stem the pandemic catastrophe.
The other respondents in The Star lawsuit were AIG Australia, XL Insurance, Zurich Australian Insurance, Allianz Australia, Swiss Re International, Assicurazioni Generali, Liberty Mutual, HDI Global, Allied World Assurance and PICC Property and Casualty.