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The ACCC has opposed Insurance Australia Group's planned $1.35 billion acquisition of RAC Insurance of Western Australia, despite a five-year undertaking by IAG.
Crown Resorts has taken its excess insurer to court after being denied coverage for part of a $72.5 million shareholder class action settlement not covered by its primary insurer.
Allianz has lost its bid to recover a contribution from AIG over a $1.65 million worker's compensation claim against Icon subcontractor Built Tech Hoardings.
Construction PRO
A court has ruled for insurer SICorp in a dispute over a development in Sydney's Rosehill, finding the family group who owned the property should be considered developers under an exemption in the insurer's policy.
In a win for ASIC, a judge has found Choosi misrepresented that its service compared policies from a range of funeral and life insurers, when just two brands were compared.
The lawyers and funder behind a settled class action against AMP will ask a court to OK fees and commission totalling almost $22 million, a bill that leaves just $7 million for group members but represents a $43 million loss on actual costs.
The Australian Securities and Investments Commission is seeking $30 million in penalties in its case against Hollard Insurance over delays in assessing the claims of a couple over damage to their home from a storm.
A judge has approved a $22.5 million settlement in a class action against two former CBA wealth management units, under which group members will receive just $5.12 million and the lawyers and funder will receive the lion’s share.
Roadside assistance company NRMA has resolved a Fair Work case by a former in-house lawyer who alleged she was dismissed after making a whistleblower complaint.
Mills Oakley has bolstered its insurance offering, nabbing a 15-person team from Moray & Agnew, including three partners.