Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 2437 results for "Claims"

Zurich snatches Suncorp claims specialist

MATTHEW WAI  |  FRIDAY, 30 MAY 2025
Zurich Financial Services Australia has appointed a new head of claims excellence for Australia and New Zealand from Suncorp. Currently serving as head of complex natural hazard home claims at Suncorp, Morris Garsin will join in August to drive Zurich's ...

CSLR levy underspend expected as claim processing slows

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... FY25 levy. The CSLR said that while the claim volume originally estimated in December 2023 is still expected to eventuate, claims have taken longer than anticipated to reach the CSLR and will now be received in FY26. The CSLR said more precise details ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... Australian Retirement Trust (ART), Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... commissioner Simone Constant has told Financial Standard the regulator has super funds in its sights for more than just claims handling delays. "The main focus is on member services more generally, this is a multi-year phased project" Constant said. ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... initial filing. But the two firms have finally got their day in court, with a seven-week trial commencing today. Their case claims more than 2.5 million Australians with superannuation accounts with AMP were systematically overcharged between 2008 and ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... impacted by Resimac's 'one size fits all' approach to hardship applications between 1 January 2022 and 15 February 2024. ASIC claims Resimac requested "extensive" standard information from vulnerable customers without considerations if the information ...

Chalmers and Bragg spar over $3m super tax

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... tax, labelling commentary to the contrary as lies. Liberal Senator Andrew Bragg has copped heat from Chalmers over his claims that the Division 296 tax changes won't impact politicians with specific defined benefit arrangements that pre-date 2004. Chalmers ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... (ASIC) over alleged false and misleading statements to two policyholders. In May 2024, Zurich declined two trauma insurance claims advising the policyholders that their particular medical conditions were excluded, and no benefit was payable. The corporate ...

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
... coordination efforts of our team of professionals. Our focus remains on recovering more for creditors and resolving outstanding claims." FTX founder Sam Bankman-Fried is currently serving 25 years in prison after being indicted on several criminal charges ...

Vision Super defends new but 'archaic' policy

ELIZA BAVIN  |  TUESDAY, 13 MAY 2025
... releasing information to offshore facilities that could be hacked." When he enquired as to how the fund could police this, he claims he was told "one of the ways to identify if someone is offshore is whether or not they have an Australian accent." Vision ...