Cody Opal News Today

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The Federal Court of Australia has dealt a blow to a number of small businesses, including retailers, who have made been denied insurance payouts for losses sustained during the COVID-19 pandemic.

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 closur...

The National Opal Collection store in Melbournes CBD was forced to close due to the COVID-19 pandemic alongside its sister store in Sydneys 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 insuran...