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ASIC launches action against Insurance Australia over $60M in promised discounts
Insurance 2021-10-15 12:07 pm By Bianca Hrovat

The Australian Securities and Investments Commission has accused the largest general insurer in Australia of short-changing its customers a staggering $60 million in promised discounts, […]

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Judge warns AMP it could face 1.2M lawsuits if declassing bid succeeds
Class Actions 2021-10-11 10:07 pm By Cindy Cameronne

AMP and a number of its financial planning subsidiaries could face 1.2 million individual claims if they win a bid to declass a group proceeding […]

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Insurers largely prevail in second COVID-19 test cases
Insurance 2021-10-08 5:13 pm By Christine Caulfield

Insurers have largely succeeded in challenging COVID-19 business interruption claims by a group of small businesses, in an important second test case that could save […]

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Insurers accused of misleading policyholders in COVID-19 insurance class actions
Insurance 2021-10-05 2:36 pm By Bianca Hrovat

Insurers are misleading policyholders about class actions which seek compensation for those denied business interruption coverage for COVID-related shutdowns, a court has heard. In a […]

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Firm investigating Blue Sky class action wants insurance info lest case is ‘waste of time’
Class Actions 2021-09-30 9:17 pm By Miklos Bolza

A law firm representing a property developer in an investigation of a potential class action against failed asset manager Blue Sky Alternative Investments is seeking […]

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QBE says infectious disease exclusion applies to COVID-19 claims in Victoria
Insurance 2021-09-22 4:58 pm By Miklos Bolza

While a first test case in NSW rejected insurers’ interpretation of infectious disease exclusions in COVID-19 business interruption policies, potentially putting the industry on the […]

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Princess, Regent theatres sue insurer for $20M in business interruption cover
Insurance 2021-09-20 2:34 pm By Miklos Bolza

The owners and operators of five Melbourne theatres have filed legal action against Ansvar Insurance seeking more than $20 million in business interruption cover for […]

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‘Fruits of victory’ can’t be denied pending insurer’s class action indemnity appeal
Insurance 2021-09-17 6:51 pm By Cindy Cameronne

Avant Insurance has lost a bid to pause an order that it pay $371,000 in the legal costs of a surgeon facing a class action […]

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CBA to plead guilty to 30 criminal charges over sale of consumer credit insurance
Financial Services 2021-09-16 2:11 pm By Christine Caulfield

The Commonwealth Bank will plead guilty to criminal charges following an ASIC investigation over misleading representations to customers who purchased add-on consumer credit insurance. CBA […]

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Insurer JLT resists bid to expand class action on eve of trial
Insurance 2021-09-16 9:14 pm By Miklos Bolza

Insurance broker JLT Risk Solutions has opposed an application by a group of NSW councils to add misleading and deceptive conduct allegations to a long-running […]

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