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.