A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
Grant Jones has been appointed general counsel at insurer AIA Australia after nearly a decade at competitor MLC Life.
A Toyota flex commissions class action can’t retroactively join claims about alleged junk insurance made in a separate case to protect against a limitations defence, with a judge describing such applications as “prima facie vexatious”.
A judge has consolidated two class actions against Insurance Australia over alleged misleading loyalty discounts and rejected the insurer’s objection to the inclusion of documents produced by ASIC in the first-filed case.
The Supreme Court of Victoria has been urged not to meddle with a 25 per cent group costs order in a junk insurance class action that settled for $170 million, in what would be the court’s second blessing of a law firm contingency fee.
The Uniting Church has asked the High Court to weigh in after an appeals court found insurer Allianz was not on the hook for claims of abuse at exclusive Sydney private school Knox Grammar.
Suncorp has reached a settlement in a class action against unit AAI over add-on insurance, the insurer confirmed on Friday.
Insurer Allianz and its distributer AWP have been convicted and fined $16.8 million after pleading guilt to charges of making false or misleading statements over travel insurance coverage.
Munich Reinsurance has been given the OK to bring additional claims in its $696 million lawsuit, which accuses AMP of misleading or deceptive conduct over a quota share agreement.
A court has vacated a trial set to begin Monday in the class action against Suncorp unit AAI over add-on insurance, suggesting a settlement is in the works.