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Appearance of bias prompts ASIC push for Youpla special purpose liquidators
Restructuring & Insolvency 2022-10-28 11:46 pm By Christine Caulfield

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.

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Dixon Advisory class action scores partial win in bid for insurance info
Insurance 2022-10-27 11:16 pm By Cindy Cameronne

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.

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4 million Medibank customers affected by data breach
Privacy & Cybersecurity 2022-10-26 11:17 pm By Cat Fredenburgh

Medibank’s woes worsened Wednesday as the insurer revealed data for all 4 million of its current and former customers had been accessed during a cyberattack after initially reporting no customer data had been exposed.

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Medibank data breach revealed to be wider than first thought
Privacy & Cybersecurity 2022-10-25 3:52 pm By Cat Fredenburgh

The fallout from a cyberattack against Medibank continues, with the health insurer revealing sensitive claims data was accessed for customers of its main Medibank branch.

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Criminals accessed Medibank customer data
Privacy & Cybersecurity 2022-10-20 3:53 pm By Cat Fredenburgh

A criminal has accessed sensitive Medibank customer data, including claims information, following a recent cyberattack.

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High Court won’t hear appeals in COVID-19 business interruption test cases
Insurance 2022-10-14 5:03 pm By Christine Caulfield

An appeals court’s “radical” approach in the treatment of JobKeeper payments won’t be scrutinised by the High Court, which on Friday declined to hear an appeal by IAG in the second set of COVID-19 business interruption test cases.

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Medibank the latest victim of cyberattack
Privacy & Cybersecurity 2022-10-13 11:26 pm By Cat Fredenburgh

Medibank has become the latest company to fall prey to a cyberattack, but the health insurer says so far there’s no indication customer data has been compromised.

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Like ‘dousing one’s house in kerosene’: Owners rebuff no-damage claim in cladding class action
Insurance 2022-09-27 11:46 pm By Cindy Cameronne

Property owners are fighting arguments that claims in a class action over allegedly combustible cladding do not fall under a $190 million insurance policy’s definition of property damage, saying installing the cladding was like “dousing one’s house in kerosene”.

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Government to face class action over NDIS age exclusion
Class Actions 2022-09-20 3:30 pm By Cat Fredenburgh

The federal government will face a class action on behalf of disabled individuals age 65 and over who have been excluded from the National Disability Insurance Scheme.

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Opal Tower engineer must hand over policies, bank records in class action coverage spat
Insurance 2022-09-20 2:34 am By Christine Caulfield

Opal Tower structural engineer WSP has been ordered to produce all professional indemnity policies covering its work on the defective building in a lawsuit against insurers for builder Icon, despite arguing for the “commercial sensitivity” of the information.

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