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ASIC calls out insurers, super funds for selling ‘junk’ TPD insurance
Insurance October 17, 2019 5:09 pm By Amelia Birnie

AMP, Asteron and Westpac have been singled out by ASIC for having higher than expected decline rates for total and permanent disability life insurance claims, […]

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HWL Ebsworth resolves claims partner helped divert insurance money to pay legal bill
Legal Ethics October 16, 2019 9:19 pm By Cat Fredenburgh

HWL Ebsworth has resolved a lawsuit alleging one of its partners helped the former directors of an insolvent mobile ticketing company divert the proceeds of a life insurance policy to pay money owed to the firm.

Medibank admits to violating consumer law with insurance cover fail
Competition & Consumer Protection October 16, 2019 1:11 pm By Cat Fredenburgh

Health insurer Medibank has admitted to engaging in misleading and deceptive conduct when it falsely told consumers they were not eligible for certain coverage under […]

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Insurer QBE claims Opal Tower cracking not ‘major’
Insurance October 10, 2019 4:33 pm By Amelia Birnie

QBE Underwriting has defended its decision to deny insurance coverage to the builder of Sydney’s troubled Opal Tower development, claiming the cracking was not “major” […]

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UDP wins $25M from insurers over doomed 5 Star Foods deal
Corporate October 10, 2019 5:27 pm By Miklos Bolza

Hong Kong-based UDP was entitled to $25 million from its insurers after losing more than $30 million from its disastrous acquisition of dairy conglomerate 5 […]

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CBA unit hit with criminal charges over insurance hawking
Insurance October 4, 2019 1:49 pm By Cat Fredenburgh

Commonwealth Bank of Australia’s insurance unit, CommInsure, is facing 87 criminal charges for allegedly hawking life insurance products in unsolicited telephone calls. The Colonial Mutual […]

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Insurance director’s royal commission comments create ‘forensic challenge’ in ASIC case, judge says
Insurance October 4, 2019 8:35 pm By Miklos Bolza

Comments made by the director of three firms accused of pushing life insurance onto vulnerable consumers during the banking royal commission may come back to […]

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Lloyd’s loses bid for quick dismissal of NAB’s $655M insurance lawsuit
Insurance September 23, 2019 8:46 pm By Cat Fredenburgh

Three syndicates of Lloyd’s London have failed in their bid to toss a case brought by National Australia Bank seeking £357 million ($655 million) in […]

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Judge signs off on contested common fund bid in $1B IAG insurance class action
Class Actions September 13, 2019 9:02 pm By Christine Caulfield

A judge has approved a common fund application in a class action against two IAG entities over add-on insurance said to be worth up to […]

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Jardine Lloyd Thompson hit with second class action over excessive premiums
Insurance September 3, 2019 9:13 pm By Christine Caulfield

Insurance broker Jardine Lloyd Thompson is facing a second class action on behalf of local councils claiming it charged inflated premiums. Law firm Quinn Emanuel […]

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