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ASIC appeals partial loss in case against funeral insurer
Appeals 2023-10-03 11:31 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has filed an appeal after a judge ordered ACBF Funeral Plans to pay $1.2 million for misleading its First […]

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Opal Tower engineer wins class action costs from Icon insurers
Class Actions 2023-10-02 1:46 pm By Sam Matthews

Opal Tower engineer WSP has succeeded in claiming the costs of a class action from insurers for builder Icon, with a judge finding engineers were […]

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JLT reaches walkaway settlement in class action by Victorian councils
Settlement 2023-09-26 9:29 pm By Cat Fredenburgh

Insurer JLT Risk Solutions won’t pay any compensation to resolve a long-running class action on behalf of Victorian councils, after defeating a similar class action […]

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Judge OKs $50M settlement, $2.5M Deloitte fee in CBA class action
Class Actions 2023-09-15 10:45 pm By Sam Matthews

A judge has approved a $50 million settlement in a class action against the Commonwealth Bank over allegedly worthless consumer credit insurance after his concerns […]

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COVID-19 insurance class action members can ‘have their cake and eat it too’: judge
Insurance 2023-09-08 11:55 pm By Cindy Cameronne

A judge considering bids to de-class COVID-19 business interruption class actions has said group members can sign up for the representative proceedings but later decide […]

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High Court won’t disturb insurers’ win in Pacific Highway case
Transportation & Infrastructure 2023-09-07 2:41 pm By Christine Caulfield

The High Court won’t hear an appeal in a case by Acciona and Ferrovial against three insurers over coverage for loss and damage resulting from […]

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Law firms to team up in shareholder class action against Medibank
Securities 2023-09-06 11:44 pm By Sam Matthews

A judge has approved a bid to consolidate two shareholder class actions against Medibank over a cyberattack that affected 10 million customers, finding that having […]

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IAG may face follow-on class action over ‘loyalty discounts’
Class Actions 2023-08-31 2:33 pm By Cat Fredenburgh

Two units of insurer IAG are facing possible class actions that mirror claims in proceedings brought by the Australian Securities and Investments Commission last week […]

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ASIC takes funeral insurance company executives to court
ASIC 2023-08-31 11:16 pm By Christine Caulfield

The Australian Securities and Investments Commission has launched legal action against five former directors and officers of defunct funeral insurance firm Youpla Group. ASIC alleges […]

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IAG duped consumers with loyalty discount promises, ASIC says
ASIC 2023-08-25 1:42 pm By Cat Fredenburgh

Delivering on one of its enforcement priorities, the Australian Securities and Investments Commission has taken two units of insurer IAG to court for allegedly misleading […]

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