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Class-action lawsuit calls for jewellery and gemstone businesses - Jeweller Magazine: Jewellery News and Trends


Class-action lawsuit calls for jewellery and gemstone businesses
Posted August 03, 2021 | By Arabella Roden • Editor
Gordon Legal, which is representing a number of retailers against insurance company Lloyds of London, has called for more businesses to join the class-action lawsuit.
The focus of the class-action – which was launched in July – is business interruption insurance policies, underwritten by Lloyds of London, and whether or not they provide protection against closures mandated by the COVID-19 pandemic.
We believe that the insurers have wrongly denied claims to thousands of jewellery businesses and gem merchants, and failed to support them when they needed it most ....

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Australian opal dealer challenges COVID-19 insurance rejection - Jeweller Magazine: Jewellery News and Trends


The National Opal Collection store in Melbourne s CBD was forced to close due to the COVID-19 pandemic alongside its sister store in Sydney s The Rocks, while border restrictions to international tourists have seen sales plummet by more than $3 million.
Australian opal dealer challenges COVID-19 insurance rejection
Posted January 19, 2021 | By Arabella Roden • Editor
Damien Cody, director of opal retail and wholesale business Cody Opal Australia, has publicly challenged insurance companies for refusing to pay out business interruption policies held by small businesses.
The National Opal Collection (NOC) – the retail arm of Cody Opal Australia, with premises in the Sydney and Melbourne CBDs – had taken out a business interruption policy, underwritten by AXA and Lloyds, prior to the COVID-19 pandemic. ....

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