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Greensill says insurer BCC liable for misleading statements if IAG right
Insurance 2022-03-22 3:01 pm By Christine Caulfield

Insurance Australia Group agent Bond & Credit Company owes damages for misleading representations to Greensill Capital if the insurer was not authorised to enter into […]

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Lloyd’s wins docs to probe basis for Moray & Agnew’s $3.7M settlement
Insurance 2022-03-16 4:06 pm By Miklos Bolza

Lloyd’s has won access to letters between Moray & Agnew and an insurer to test its claims that a $3.7 million settlement the law firm […]

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Insurer denies policy covered ‘excessive’ $3.7M Moray & Agnew settlement
Insurance 2022-03-11 1:32 pm By Miklos Bolza

A Lloyd’s syndicate has hit back at a lawsuit by Moray & Agnew, saying it did not have to cover part of a $3.7 million […]

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Lloyd’s scores win in COVID-19 business interruption insurance case
Insurance 2022-03-11 3:14 pm By Miklos Bolza

Lloyd’s has scored a win in a COVID-19 business interruption case, with a judge ruling the insurer can rely on a conformity clause in its […]

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Greensill insurer BCC, sacked manager dragged into cases against IAG
Insurance 2022-03-02 11:00 pm By Christine Caulfield

Tokio Marine subsidiary Bond & Credit Company and fired underwriter Greg Brereton have been pulled into lawsuits targeting Insurance Australia Group over trade credit policies […]

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Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt
Insurance 2022-02-24 1:45 pm By Christine Caulfield

A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under […]

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Judgment leaves ‘thousands of businesses’ with valid COVID-19 claims, class action lawyer says
Insurance 2022-02-22 5:04 pm By Cat Fredenburgh

An appellate victory for insurers in a test case over business interruption coverage for losses stemming from the COVID-19 pandemic does not spell the end […]

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Insurers defeat appeals in COVID-19 business interruption test cases
COVID-19 2022-02-21 5:11 pm By Christine Caulfield

An appeals court challenge by a group of small businesses seeking coverage under business interruption insurance policies for losses flowing from COVID-19 restrictions has largely […]

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IAG says underwriter had no authority to issue Greensill Bank trade credit policy
Restructuring & Insolvency 2022-02-21 5:21 pm By Christine Caulfield

Insurance Australia Group has denied it owes Greensill Bank $48.5 million under a trade credit policy issued by its agent BCC, saying the underwriter was […]

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Class action against Suncorp unit wants opt out notice delayed till eve of trial
Insurance 2022-02-18 1:55 pm By Christine Caulfield

The law firm behind a consumer class action against Suncorp subsidiary AAI over add-on car insurance says notices to group members should not be sent […]

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