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Suncorp unit can force reversal of Coverforce acquisition, court says
Corporate December 10, 2019 9:52 pm By Christine Caulfield

The head of Australia’s largest unlisted insurance broker, Coverforce, may face a future damages claim for misleading or deceptive conduct if a recent acquisition of […]

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Judge looks out for pensioners as NAB ‘junk’ insurance class action settlement approval delayed
Class Actions December 3, 2019 2:37 pm By Miklos Bolza

A judge on Tuesday questioned how elderly group members struggling with the digital age can register in a ‘junk’ insurance class action against National Australia […]

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CBA unit hit with $700,000 criminal fine for insurance hawking
Insurance November 28, 2019 1:16 pm By Miklos Bolza

The Commonwealth Bank of Australia’s insurance division, CommInsure, has been fined $700,000 for breaching insurance hawking laws in Australia’s first post-banking royal commission criminal conviction, […]

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ANZ, Westpac to face class actions over ‘junk’ insurance
Class Actions November 22, 2019 8:44 am By Cat Fredenburgh

Slater and Gordon is planning class actions against ANZ and Westpac over allegedly worthless insurance, fresh off of winning a $49.5 million settlement in a […]

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NAB reaches $49.5M settlement in ‘junk’ insurance class action
Class Actions November 20, 2019 4:51 pm By Miklos Bolza

The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance. The […]

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CBA unit pleads guilty to 87 charges over insurance hawking
Insurance November 19, 2019 10:36 am By Miklos Bolza

The Commonwealth Bank of Australia’s insurance division, CommInsure, has pleaded guilty to 87 criminal charges that it hawked life insurance products in unsolicited telephone calls, […]

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Key insight into claim on Warranty & Indemnity insurance
Expert Insights November 14, 2019 9:35 pm By Christine Caulfield

The Supreme Court of Victoria has considered whether an insured buyer under a warranty and indemnity (W&I) policy is entitled to indemnity from an insurer […]

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Class action puts pressure on Icon for speedy resolution of Opal Tower insurance case
Class Actions November 12, 2019 4:23 pm By Miklos Bolza

Construction firm Icon Co has pressed the Federal Court for an expedited hearing in its case against insurers Liberty Mutual Insurance and QBE over the […]

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Icon denies QBE exclusions applied in Opal Tower disaster
Class Actions November 7, 2019 4:47 pm By Miklos Bolza

Construction firm Icon Co has rejected QBE Underwriting’s argument that exclusion clauses in coverage for Sydney’s Opal Tower meant the insurer did not have to […]

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Judge sends HIH Insurance legal fee fight back to the drawing board
Restructuring & Insolvency November 7, 2019 10:22 pm By Miklos Bolza

A NSW Supreme Court judge has raised concerns about a dispute over fees owed to two law firms and a funder in relation to four […]

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