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ASIC takes funeral insurance company executives to court
ASIC 2023-08-31 11:16 pm By Christine Caulfield

The Australian Securities and Investments Commission has launched legal action against five former directors and officers of defunct funeral insurance firm Youpla Group.

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IAG duped consumers with loyalty discount promises, ASIC says
ASIC 2023-08-25 1:42 pm By Cat Fredenburgh

Delivering on one of its enforcement priorities, the Australian Securities and Investments Commission has taken two units of insurer IAG to court for allegedly misleading home owners insurance customers about loyalty discounts.

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Virgin class action a lawyers’ feast after judge joins insurers
Business of Law 2023-08-22 12:47 pm By Sam Matthews

A class action against Virgin Australia has become a lawyers’ feast, with seven new firms entering the ring after a dozen insurers were joined to the action alleging the airline failed to disclose its true financial position in a $324 million capital raising prospectus.

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IAG class action says 30% GCO can’t be compared to beauty parade rates in Star cases
Class Actions 2023-08-18 2:29 pm By Sam Matthews

In its bid for a 30 per cent group costs order, the applicant in a class action against Insurance Australia Group says the percentage shouldn’t be compared to lower proposed rates — as low as 14 per cent — in a battle to run a class action against Star.

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Nursing home class actions try again for insurance docs
Class Actions 2023-08-17 11:32 pm By Cat Fredenburgh

Two class actions against Victorian aged care providers on behalf of families of residents who died due to alleged failures during the COVID-19 pandemic have appealed a ruling that rejected their bid for insurance and financial information to assist in mediation.

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William Roberts snags Omni Bridgeway APAC head to grow litigation team
Business of Law 2023-08-15 11:20 pm By Cat Fredenburgh

Boutique law firm William Roberts has lured Omni Bridgeway’s former managing director for Asia Pacific to grow its litigation team.

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GCO gives AAI class action members ‘simplicity, transparency’: judge
Class Actions 2023-08-09 3:03 pm By Sam Matthews

A judge has signed off on a 25 per cent group costs order in a class action against Suncorp subsidiary AAI, after accepting that the back-up plan of law firm Maurice Blackburn was not artificially uncertain.

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IAG employee not unfairly sacked after WFH activity tracked
Employment 2023-08-09 1:37 pm By Sam Matthews

The Fair Work Commission has found that insurer IAG did not unfairly dismiss a veteran employee after a company review of her at-home cyber activity revealed extensive periods of “no or minimal keyboard activity”.

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High Court greenlights NZ apartment block class action against Irish insurer
High Court 2023-08-08 11:36 pm By Sam Matthews

The High Court has dismissed a constitutional appeal by Irish insurer Zurich, clearing the way for a class action over an allegedly defective New Zealand apartment block to proceed in the NSW Supreme Court.

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Deloitte’s $2.5M bill in CBA class action holds up settlement approval
Financial Services 2023-08-04 2:08 pm By Sam Matthews

A judge asked to approve a $50 million settlement in a consumer credit insurance class action against the Commonwealth Bank has questioned a $2.5 million deduction for professional services firm Deloitte.

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