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AIG loses appeal over insolvency exclusion in Kaboko Mining D&O policy
Insurance 2019-06-14 9:13 pm By Cat Fredenburgh

AIG Australia has failed to convince the Full Federal Court that an insolvency exclusion in a directors and officers policy held by Kaboko Mining should […]

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NAB takes captive insurer, Lloyd’s units to court over coverage dispute
Insurance 2019-05-27 11:06 pm By Miklos Bolza

The National Australia Bank has filed a lawsuit against its Singapore-based captive insurance unit and three syndicates of global insurance giant Lloyd’s seeking coverage for […]

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Judge questions redacted funder’s commission in IAG class action
Class Actions 2019-05-24 1:46 pm By Miklos Bolza

A judge has raised questions about a redacted funding agreement in a class action against two IAG units over allegedly worthless add-on insurance products, saying […]

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AMP admits to breaches in ASIC’s insurance churn case
Financial Services 2019-05-21 12:43 pm By Miklos Bolza

AMP’s financial planning unit has admitted it breached the Corporations Act when at least one of its representatives engaged in so-called insurance policy churning, in […]

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Metlife brings action against AFCA in first court showdown for complaints body
Financial Services 2019-05-20 9:36 pm By Christine Caulfield

Insurance giant Metlife has launched legal proceedings against the Australian Financial Complaints Authority to challenge a finding in favour of an injured former NSW police […]

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$6M class action settlement is one claim under insurance policy, Bank of Queensland says
Class Actions 2019-05-14 8:52 pm By Miklos Bolza

The Bank of Queensland has criticised a judgment which found the bank’s insurance policy left it on the hook for a $6 million settlement of […]

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IAG hit with class action over add-on insurance
Class Actions 2019-04-11 10:58 am By Cat Fredenburgh

A unit of Insurance Australia Group is facing a class action alleging it engaged in misleading and deceptive conduct by pushing add-on insurance onto individuals […]

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Judge calls for joint expert report in ASIC’s insurance churn case against AMP
Financial Services 2019-04-08 7:57 pm By Miklos Bolza

An argument over the admissibility of an expert report produced by the Australian Securities and Investments Commission in its insurance churn case against AMP was […]

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Lawsuit claims HWL partner helped divert insurance proceeds to settle legal tab
Legal Ethics 2019-04-03 11:29 pm By Cat Fredenburgh

An insolvent mobile ticketing company wants a slew of documents from HWL Ebsworth related to its allegations that an HWL partner aided its former directors […]

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AMP wants expert report tossed in ASIC insurance churn case
Financial Services 2019-03-26 10:11 pm By Cat Fredenburgh

AMP will challenge the admissibility of an expert report central to ASIC’s case over alleged insurance churning by one of the wealth manager’s former financial […]

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