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Showing 1091 - 1100 of 2426 results for "Claims"

FSC launches draft APL standard for risk advice

ALEX BURKE  |  THURSDAY, 13 APR 2017
... researching the corporate strength, credit rating and ownership structure of a given insurer; investigating the insurer's claims process; and conducting a thorough product benefit and feature comparison. On that last point, the statement reads further ...

Coles sheds life insurance offering

JAMIE WILLIAMSON  |  MONDAY, 10 APR 2017
... changes have been made to the product as a result of Coles exiting life insurance. The process for customer queries and claims is also unchanged." A possible driving factor lies in research conducted by Rainmaker Information in December 2014, showing ...

Life insurance claims handling must improve: ISWG

JAMIE WILLIAMSON  |  FRIDAY, 7 APR 2017
The Insurance in Superannuation Working Group is calling for the removal of complexity around claims handling. Releasing the second of its discussion papers around the development of the Life Insurance Code of Practice for superannuation trustees, the ...

ASIC cancels suspended AFSL

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
... automatically disqualified from managing corporations and was removed as a company office-holder of Practical Insurance Claims Administration and Rural & RGIB.

ASIC wins first court action for FoFA breaches

EMMA RAPAPORT  |  WEDNESDAY, 5 APR 2017
... providing advice to clients; and on numerous occasions, did not act in the best interests of clients. In upholding ASICs claims, the Federal Court found clients of NSG had been sold insurance and/or advised to rollover superannuation accounts that committed ...

Can life and health insurers operate under one roof?

ALEX BURKE  |  FRIDAY, 31 MAR 2017
... said ongoing health cover can potentially reduce or prevent. This, in turn, could conceivably reduce instances of life claims. Speaking on the same panel from the consumer perspective, Choice campaigns manager Erin Turner said she saw some serious issues ...

ECB nips the bud of rate hike speculations

BENJAMIN ONG  |  FRIDAY, 31 MAR 2017
... governing council went on damage control. According to Reuters, an unnamed official "in or close to the Governing Council" claims that the ECB's 9 March message had been "overinterpreted". "We wanted to communicate reduced tail risk but the market took ...

Life code needs work: ASIC

ALEX BURKE  |  THURSDAY, 30 MAR 2017
... Council Life Insurance Conference in Sydney, Kell said that there is still "an enormous amount to be done to improve the claims process for consumers." He noted that the code in its current form goes some lengths toward achieving these improvements ...

Super trustees need better vigilance: APRA

EMMA RAPAPORT  |  MONDAY, 27 MAR 2017
... frameworks, processes and resources that support these activities. The regulator also said it was continuing to consider the claims handling issues associated with CommInsure, and the sustainability of group life insurance within the superannuation industry. ...

CommInsure cleared of medical misconduct

ALEX BURKE  |  THURSDAY, 23 MAR 2017
ASIC's investigation into CommInsure found no evidence of claims managers applying pressure on medical staff to change assessments, although the regulator said claims handling fell short of community expectations. CommInsure employees have been accused ...