Insurance

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.

The family of the late pastoralist Thomas Brickworth is on the hook for damage caused by a 2021 bushfire, after an appeals court found it was reasonable to conclude that the fire originated from a vegetation heap that smouldered for months before catching fire. 

IAG is fighting a shareholder class action's bid to amend against the case to include a new damages claim, telling the court the insurer already understands the case against it.

Two Credit Suisse funds and UBS on Monday lost a battle to shield documents in sprawling litigation over the collapse of trade financier Greensill, failing in their arguments that production of the material ran afoul of Swiss and Luxembourg law.

Lander & Rogers has elevated 10 senior lawyers to the partnership ranks, including five in the law firm's insurance and litigation team.