Shine Lawyers is investigating two new class actions against Commonwealth Bank of Australia and Westpac’s BT Funds Management over allegedly excessive insurance premiums, a week after filing a similar case against AMP’s life insurance arm.
AMP Life has been hit with a class action alleging its financial representatives pushed inflated insurance policies onto 100,000 customers while knowing that better policies could be found through other providers.
Insurance giant Allianz is facing a class action over allegedly “poor value” or worthless car and motorcycle insurance products.
Former Liberal leader John Hewson has filed a defamation suit against Nine, claiming a report by A Current Affair about his insurance firm was gratuitous and “seriously dishonest”.
Three law firms will represent the insurers in new proceedings launched to resolve a $46 million insurance question delaying settlement of two shareholder class actions against sandlewood producer Quintis, bringing the total number of law firms working on the class action to eight.
The prefab concrete specialist behind Sydney’s Opal Tower has filed a lawsuit against Chubb Insurance seeking to force the insurer to cover its costs of defending two proceedings over the ill-fated building.
Owners of units in Sydney’s Opal Tower have filed a lawsuit against the NSW Government and builder Icon after allegedly discovering more than 500 additional defects in the troubled building.
ANZ has denied claims that it sold allegedly worthless insurance to group members in a class action against the banking giant, and has said the policies gave customers “peace of mind”.
A penalty hearing in the ACCC’s case against health booking company HealthEngine over misleading online reviews has been adjourned after a judge criticised the parties’ joint submissions as “deficient” for failing to explain how a proposed $2.9 million penalty had been arrived at.
A judge will ask the NSW Attorney General to launch a criminal or regulatory investigation into a Hunter Valley-based financial advisor whose alleged fraudulent conduct led to investor losses of over $4.6 million.