Insurance

Cement Australia has lost its bid to have a construction issue relating to a deed of release in a fight with a defunct subsidiary over a $1.2 million asbestos claim determined ahead of trial.

Insurer QBE has admitted liability in ASIC’s case alleging it made empty promises to over half a million customers on policy discounts, but a dispute over the size of the penalty remains.

Insurers Marsh Limited and Insurance Australia Limited are seeking production of two reports by Deloitte commissioned by a Swiss law firm in litigation over the collapse of supply chain finance company Greensill Capital. 

Noting the aging group members, a judge has pushed the parties in two class actions against aged care facilities over COVID-19 outbreaks to shoot for a 2027 or early-2028 trial date.

Insurers fighting a case by Webuild and NRW's seeking coverage from damages caused by a sinkhole during the construction of Perth's $1.8 Billion Forrestfield-Airport Link have pointed to emails from WeBuild staff and contractors which they say prove their claims of fraud.

A Victorian law firm has been named in a dispute between Cement Australia and a now-defunct subsidiary over a $1.2 million asbestos claim payout, with the firm accused of failing to engage in mediation or comply with timetabling orders.

Insurance Australia Limited has settled $4 billion action brought by Germany's Greensill Bank and its administrator ahead of a six-month trial against the insurer and others over the failure of the trade financier.

Trial has kicked off in a case by builders Webuild and NRW against their insurers over coverage for damage caused by a sinkhole during the construction of Perth's $1.8 billion Forrestfield-Airport Link.

Insurance specialist firm Gilchrist Connell has boosted its partner ranks by six, hiring a financial services regulation expert from a superannuation fund and promoting five lawyers internally.

The ACCC has opened a review into Swiss insurer Zurich's bid to acquire UK-based specialty insurer Beazley, one of the largest deals to face scrutiny under the country's new merger review framework.