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Judge wants more evidence for law firm’s 30% cut in IAG class action
Insurance 2023-06-30 3:40 pm By Sam Matthews

A judge overseeing a shareholder class action against Insurance Australia Group says more evidence is needed to back the applicant’s bid for an order giving […]

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IAL hit with $40M penalty over unpaid NRMA loyalty discounts
Insurance 2023-06-30 4:03 pm By Christine Caulfield

A court has imposed a $40 million penalty on Insurance Australia Limited in a case by the corporate regulator alleging NRMA customers were not paid […]

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Greensill UK wins halt to cross-claims in cases over $1.7B collapse
Restructuring & Insolvency 2023-06-29 4:26 pm By Sam Matthews

Greensill Capital’s UK division has won a stay of claims in several lawsuits over the supply chain financing firm’s $1.7 billion collapse, but an insurer […]

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NIB wins unpaid loans from Whitecoat developer after $42.5M sale to CBA
Healthcare 2023-06-28 4:02 pm By Gareth Baker

The developer of healthcare directory app Whitecoat must pay health insurer and joint venture partner NIB $1.6 million for loans that were never repaid following […]

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Medibank’s capital requirement lifted to $250M after data breach
Privacy & Cybersecurity 2023-06-27 2:53 pm By Gareth Baker

The Australian Prudential Regulation Authority has raised Medibank’s capital adequacy requirement by $250 million, following last year’s cyber attack against the private health insurer, which […]

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Hannover Life scores partial win against tax office over GST credits
Tax 2023-06-27 5:18 pm By Gareth Baker

Hannover Life Re should be allowed tax credits for GST paid on a share of its overheads, including rent and power, a judge has found […]

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Facing ‘staggeringly large’ security costs, class action queries separate lawyers for Blue Sky execs
Class Actions 2023-06-21 11:07 pm By Sam Matthews

The applicant in a class action against Blue Sky Alternative Investments and auditor EY has raised an “often overlooked” principle to challenge the separate legal […]

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Court approves $6.3M class action settlement against Linchpin directors
Settlement 2023-06-19 1:54 pm By Cindy Cameronne

A judge has approved a settlement with former directors of collapsed advisory firm Linchpin Capital under which insurer RiverStone will pay $6.3 million, which will […]

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$47M settlement in ANZ credit insurance class action reasonable, judge says
Financial Services 2023-06-16 4:37 pm By Christine Caulfield

A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks […]

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Insurers ‘can’t say’ if they will cover Blue Sky class action claims
Class Actions 2023-06-09 9:17 pm By Cindy Cameronne

A judge has avoided a fight “with the High Court written all over it” over whether an investor class action against Blue Sky Alternative Investments […]

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