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Lloyd’s loses bid for quick dismissal of NAB’s $655M insurance lawsuit
Insurance 2019-09-23 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 2019-09-13 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 2019-09-03 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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ACCC says Medibank misled consumers about policy benefits
Insurance 2019-09-03 10:45 am By Christine Caulfield

The Australian Competition and Consumer Commission has taken private health insurer Medibank to court for falsely telling consumers they were not eligible for certain coverage […]

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Lloyd’s says court has no power to let Pitcher Partners class actions eyeball insurance policies
Insurance 2019-08-30 9:23 pm By Miklos Bolza

Two units of global insurer Lloyd’s have launched a constitutional challenge to a Federal Court order requiring accounting firm Pitcher Partners to hand over certain […]

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$8M in Allianz refunds to include teens sold death cover
Insurance 2019-08-27 10:03 pm By Cat Fredenburgh

Allianz Australia will refund over $8 million in fees and premiums to customers who were sold worthless cover they were not eligible to make claims […]

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Carwoola bushfire class action wins bid to pursue insurer
Insurance 2019-08-27 3:20 pm By Christine Caulfield

The lead applicant in a class action over the Carwoola bushfire has been given the greenlight to go after CGU Insurance for loss and damage […]

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Full Federal Court may weigh validity of NAB ‘junk’ insurance class action
Class Actions 2019-08-22 8:17 pm By Amelia Birnie

A class action against National Australia Bank over allegedly worthless consumer credit insurance could be referred to the Full Federal Court just three months out […]

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‘A degree of chaos’: Judge questions IAG common fund as High Court decision looms
Insurance 2019-08-16 8:48 pm By Miklos Bolza

A judge has questioned a bid for a common fund order in a class action against two IAG entities over allegedly worthless add-on insurance, saying […]

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APRA slaps Allianz with extra $250M capital requirement over risk management issues
Financial Services 2019-08-14 4:36 pm By Amelia Birnie

Insurance company Allianz Australia will need set aside an extra $250 million in capital until it strengthens its risk management, making it the fifth financial […]

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