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Showing 1111 - 1120 of 2426 results for "Claims"

Super funds trawling eBay for legacy parts

ALEX BURKE  |  THURSDAY, 2 MAR 2017
... insurance industry has been embroiled over the past few years, Loane said that "it's important to note that inquiries in to claims practices - whether carried out by regulators of independent investigators - have found no evidence of cross-industry m ...

CommInsure cleared of systemic problems

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAR 2017
... independent expert report compiled by Deloitte has cleared CommInsure of having systemic culture issues when it comes to claims handling processes. The Deloitte report states that no systemic issues related to historically declined claims were identified ...

Centrepoint growing wealth business

KARREN VERGARA  |  MONDAY, 27 FEB 2017
... after-tax profit, which inched $0.7 million year-on-year to $4.6 million, was dented by an increase in pre-July 2010 legacy claims provisions to $3.7 million (2015: $149,000). "We are continuing to invest in growing or adviser services and funds management ...

CBA caught out on unpaid super

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2017
... extent of the problem could run into millions of dollars in back payments plus interest," Angrisano said. Responding to the claims in a statement, a CBA spokesperson said it has advised the FSU that it is taking the union's concerns very seriously and ...

FPA expels and fines dishonest member

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
... financial benefit by his actions, and that a heavy penalty would cause significant financial harm, but the CRC dismissed his claims, stating that expulsion was necessary for the protection of the profession, and the protection of the public. "The public ...

Suncorp begins life business optimisation

DARREN SNYDER  |  THURSDAY, 9 FEB 2017
... net profit after tax of $11 milllion in the first half of FY17. It was impacted by industry deterioration in lapse and claims trends; however the diversified wealth group said its "conservative approach to setting assumptions has resulted in minimal ...

AMP cops short-term pain

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2017
... wealth protection division, which saw a one-off capitalised loss of $484 million following a significant deterioration in claims experience and posting an operating loss of $415 million for 2016. "We took the decision to reset the business; take the ...

ASIC targets NAB super after compliance breakdown

ALEX BURKE  |  THURSDAY, 2 FEB 2017
... in staff training. ASIC said these breaches affected roughly 400,000 members; NAB identified 10 members whose insurance claims were incorrectly assessed and has paid $1.8 million in compensation in total. Breach reports also identified over 220,000 member ...

CommInsure wins group insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2017
... CommInsure since losing CareSuper, NGS Super and TWU Super in 2016. The insurer was also plagued by scandal around its claims processing last year. CommInsure was awarded the new mandate by Nationwide Superannuation Fund (NSF Super), with CommInsure's ...

CBA defends 'incorrect' personal advice claims

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2017
The Commonwealth Bank has responded to reports by Fairfax claiming a CBA bank teller had provided personal advice to a now-deceased customer. Last week Fairfax revealed CBA is working through a $68,000 compensation claim as part of its Open Advice Review ...