Insurance

Former Youpla CEO Bryn Jones and director Ronald Pattenden have been found to have beached their duties as directors of the funeral insurance firm, which had a deal with an offshore company controlled by Pattenden and another director.

A judge has rejected insurer AAI's bid to have a labour hire company and a mining contractor represented by separate legal teams in a worker’s negligence suit related to silica exposure.

Investment firm White Oak has settled its case against IAG, Tokio Marine and subsidiary BCC alleging the insurers were liable for $200 million in damages following the collapse of supply chain finance company Greensill.

Insurer QBE will dispute ASIC's proposed penalty after admitting that its pricing model misled customers.

Clyde & Co has brought on an insurance partner from Carter Newell, along with her team, marking the sixth partner the firm has added in the past year.

Law firm Piper Alderman is seeking a larger cut of a $29 million settlement in a class action it ran against AMP alongside Shine Lawyers, arguing its current payout punished it for "relative efficiency".

Greensill investor White Oak is not entitled to damages from IAG after it settled with broker Marsh in relation to $140 million in receivables, the insurer has told a trial court, saying it would amount to “double recovery”.

Allianz is challenging the dismissal of its case seeking contribution from AIG toward coverage for a $1.65 million worker's compensation claim against Icon subcontractor Built Tech Hoardings.

Insurer IAG has argued Greensill investor White Oak failed to verify the existence of $140 million in receivables for fear the deal wouldn't go ahead -- conduct, it says, that was “redolent of a deal that is too good to be true”. 

IAG said Wednesday it had offered a range of commitments to sweeten its proposed $1.35 billion merger with vehicle insurer RACWA as it promotes the benefits of the union to the competition regulator.