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Allianz policy exclusion dooms United Petroleum unit’s fire damage claim
Insurance 2018-11-30 10:38 pm By Cat Fredenburgh

A Queensland ethanol refinery, owned by United Petroleum, has lost a dispute with its insurer Allianz Australia over coverage for damage resulting from a 2016 […]

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CBA boss blames predecessor for dodgy credit insurance
Financial Services 2018-11-20 10:37 pm By Miklos Bolza

Commonwealth Bank of Australia chief Matt Comyn has pointed the finger at his predecessor, Ian Narev, for the bank’s selling of credit insurance to ineligible […]

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Bank of Queensland loses fight with insurer over $6M class action settlement
Insurance 2018-11-07 10:22 pm By Cat Fredenburgh

Bank of Queensland has lost a dispute with two insurers over coverage for a $6 million settlement of a class action brought by investors in […]

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ASIC wins $9M fine against Financial Circle
Financial Services 2018-11-05 1:36 pm By Christine Caulfield

The Australian Securities and Investments Commission has secured almost $9 million in penalties against Melbourne-based Financial Circle  over a scheme to extract advice fees and […]

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ASIC defeats referee bid in AMP insurance case
Insurance 2018-10-19 3:27 pm By Miklos Bolza

ASIC has successfully opposed a Federal Court judge’s push to appoint an independent referee in its case against AMP Financial Planning over alleged insurance churning. […]

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Judge stays $2.6M judgment against QBE over steel mill collapse
Insurance 2018-10-18 7:36 pm By Cat Fredenburgh

A Federal Court judge has stayed a $2.6 million award against QBE Insurance (Australia) to cover losses related to the 2014 collapse of steel product […]

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Westpac appeals funding order in life insurance class action
Class Actions 2018-10-11 10:42 pm By Christine Caulfield

Westpac is challenging a judge’s order that gives the funder backing a class action over life insurance premiums a 25 percent cut of any recovery. […]

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Funeral insurer loses High Court appeal over profits from use of rival’s secrets
Employment 2018-10-10 11:35 pm By Cat Fredenburgh

The High Court of Australia has rejected an appeal of a ruling that found a funeral insurer was liable for the use of a rival’s […]

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QBE Insurance to pay $2.6M over collapsed steel mill
Insurance 2018-10-09 9:02 pm By Miklos Bolza

QBE Insurance (Australia) has been ordered to pay over $2.6 million in compensation to cover losses after a series of mishaps led to the collapse […]

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Bannister Law mulls direct life insurance class action
Class Actions 2018-08-30 10:47 pm By Cat Fredenburgh

Bannister Law is investigating a possible class action against providers of direct life insurance, in the wake of an ASIC report that found many insurers […]

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