Insurance

Counsel representing a class action on behalf of thousands of Aussie Home Loan customers has told a trial judge brokers "planted seeds" to convince customers they needed to take out worthless mortgage protection insurance.

Nuix has lost its appeal of a ruling that found it must pay $20 million in legal costs before its insurers must cover its bills for defending multiple class actions and an ASIC case over its $1.8 billion float.

A class action against Insurance Australia wants to add car insurance customers to the case, and says extra defence costs by IAL -- which has already spent a "disproportionate" $3 million -- shouldn't bar the new claims.

Credit Suisse has dropped its claim for indemnity against insurance agent BCC under a trade credit policy issued prior to Greensill Capital’s collapse in 2021, with a judge hearing the admission marks a "complete u-turn in the case".

A recycling company has lost its bid to recover millions of dollars from its insurers, with a judge finding the insurers were not on the hook for losses arising from an EPA cleanup.

A tribunal has found the public interest favours disclosure of information about how premiums are calculated under the state's home building insurance scheme, partly overturning a decision refusing access to documents sought by Maurice Blackburn.

Clyde & Co has lured a partner from Gilchrist Connell to lead its employment practice, amid growing employment-related risks for insurers.

A judge says a shareholder class action against IAG can add a new damages claim, despite the insurer arguing it was untethered from any contravention and “clearly bad in law”.

A judge has sounded the alarm bell about regulators launching appeals to re-litigate enforcement proceedings, in a recent decision tossing the corporate cop's appeal in a case against insurer HCF Life.

IAG has made a strategic investment in modular building company Spacecube following a successful pilot program in Victoria during the January bushfires.