Judge OKs Colonial’s $140M settlement but chops funder’s cut

Class Actions 2026-03-25 11:24 pm By Cindy Cameronne Sydney

A judge has declined a funder’s bid for a $43 million payout in a class action accusing Colonial First State of charging excessive premiums, saying it was entitled to a 27.5 per cent commission but not $4.5 million for after-the-event insurance.