A group of Lloyd’s underwriters are off the hook for financial services company EP Financial Services’ costs in an lawsuit over allegedly negligent financial advice, after an appeals court found the exclusions under the policy were valid.
Avant Insurance has lost its bid to challenge a ruling which put it on the hook for indemnifying a plastic surgeon in class action proceedings over allegedly botched breast augmentations at a defunct NSW clinic.
Three of the Big Four banks have agreed to pay a total of $126 million to settle class actions on behalf of up to one million customers who were sold consumer credit insurance.
Medibank is facing another class action investigation over a massive data breach that left the personal information of almost 10 million customers exposed, just days after criminals began publishing sensitive customer health data.
A judge has ordered Smile Direct Club and its Australian unit to pay a $3.5 million penalty and reimburse customers for misleading them into believing they would be reimbursed by their insurers for the dental care company’s costly teeth straighteners.
A class action investigation over the data breach that exposed the personal information of almost 10 million Medibank customers is underway, with two law firms teaming up to probe whether the private health insurer is liable for damages.
Medibank will not pay a ransom to a criminal who stole the data of 9.7 million customers, saying it would encourage extortion.
The applicants in a consumer class action against Allianz have been ordered to produce an insurance policy that covers them for the risk of losing the case, which the insurer says will inform its bid for security for costs.
A joint court application by ASIC and NSW Fair Trading calls for special purpose liquidators to claw back money from funeral insurer Youpla over concerns about the current liquidator’s relationship with the failed company’s former lawyer.
A class action on behalf of Dixon Advisory clients with claims allegedly worth $463 million has won orders that the collapsed wealth manager disclose its insurance for liability in the proceedings. Its bid for orders that two insurers produce any relevant policies was unsuccessful.