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Insurance broker JLT hit with class action over excessive premiums
Class Actions December 7, 2018 1:01 pm By Cat Fredenburgh

Quinn Emanuel has hit global insurance broker Jardine Lloyd Thompson with a class action for allegedly charging local councils in NSW hundreds of millions of dollars […]

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Allianz policy exclusion dooms United Petroleum unit’s fire damage claim
Insurance November 30, 2018 10:38 pm By Cat Fredenburgh

A Queensland ethanol refinery, owned by United Petroleum, has lost a dispute with its insurer Allianz Australia over coverage for damage resulting from a 2016 […]

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CBA boss blames predecessor for dodgy credit insurance
Financial Services November 20, 2018 10:37 pm By Miklos Bolza

Commonwealth Bank of Australia chief Matt Comyn has pointed the finger at his predecessor, Ian Narev, for the bank’s selling of credit insurance to ineligible […]

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Bank of Queensland loses fight with insurer over $6M class action settlement
Insurance November 7, 2018 10:22 pm By Cat Fredenburgh

Bank of Queensland has lost a dispute with two insurers over coverage for a $6 million settlement of a class action brought by investors in […]

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ASIC wins $9M fine against Financial Circle
Financial Services November 5, 2018 1:36 pm By Christine Caulfield

The Australian Securities and Investments Commission has secured almost $9 million in penalties against Melbourne-based Financial Circle  over a scheme to extract advice fees and […]

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ASIC defeats referee bid in AMP insurance case
Insurance October 19, 2018 3:27 pm By Miklos Bolza

ASIC has successfully opposed a Federal Court judge’s push to appoint an independent referee in its case against AMP Financial Planning over alleged insurance churning. […]

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Judge stays $2.6M judgment against QBE over steel mill collapse
Insurance October 18, 2018 7:36 pm By Cat Fredenburgh

A Federal Court judge has stayed a $2.6 million award against QBE Insurance (Australia) to cover losses related to the 2014 collapse of steel product […]

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Westpac appeals funding order in life insurance class action
Class Actions October 11, 2018 10:42 pm By Christine Caulfield

Westpac is challenging a judge’s order that gives the funder backing a class action over life insurance premiums a 25 percent cut of any recovery. […]

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Funeral insurer loses High Court appeal over profits from use of rival’s secrets
Employment October 10, 2018 11:35 pm By Christine Caulfield

The High Court of Australia has rejected an appeal of a ruling that found a funeral insurer was liable for the use of a rival’s […]

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QBE Insurance to pay $2.6M over collapsed steel mill
Insurance October 9, 2018 9:02 pm By Miklos Bolza

QBE Insurance (Australia) has been ordered to pay over $2.6 million in compensation to cover losses after a series of mishaps led to the collapse […]

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