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Two Suncorp units and insurer TAL Life have agreed to pay $34 million to settle a class action over allegedly worthless add-on insurance sold at car dealerships.
The corporate regulator has taken Holland Insurance to court, alleging it breached its duty of utmost good faith by taking over three years to resolve an insurance claim.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm's administrator.
Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.
Real estate investment manager Salter Brothers has resolved a spat with XL Insurance over more than $6 million in costs incurred in successfully defending itself in lawsuits by three clients.
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Medibank has been ordered to give a class action copies of reports by Deloitte into a massive data breach in October 2022, in a judgment made public on Friday and already facing appeal by the health insurer.
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”.