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Showing 381 - 390 of 2418 results for "Claims"

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... clients." In the case of possibly misleading statements about cost, Press said: "We are concerned that 'zero brokerage' claims may not be true to label where the service is 'bundled' with other products or services that effectively subsidise brokerage ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... The phone calls in question took place in October and November 2017. The Court also found that MobiSuper made misleading claims about being able to save fees by opening a MobiSuper account and having other existing super accounts rolled into it, and ...

Maritime Super reappoints MLC Life as group insurer

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... 2019." "We look forward to rolling out their Vivo health, wellness and recovery service, in addition to their new digital claims experience, to members in the second half of this year." MLC Life Insurance chief group insurance officer Mark Puli commented ...

MLC Life Insurance launches wellbeing service

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... can access services now, while fund members will get access over the second half of this year. MLC Life Insurance chief claims officer Andrew Beevors said offering more support to customers irrespective of whether they claim reinforces the value of life ...

Integrity Life picks AGI as group life administrator

CASSANDRA BALDINI  |  MONDAY, 15 AUG 2022
... AGI, with Integrity Life's existing group portfolio to transition in phases. Integrity Life's distribution, underwriting, claims, product and pricing operations continue to be managed in-house.

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... million - a decrease of $72 million or 50% from the prior year. Commonwealth Bank said the result was driven by higher claims experience net of reinsurance recoveries, due to increased weather-related claims and higher average claims size driven by supply ...

Mining vital to low carbon solutions: Fidelity

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
Despite its disruptive nature to the societies and ecosystems where it operates, a Fidelity report claims mining will play a central role in decarbonisation. Fidelity said, although discourse about investors' role in helping fund clean technologies ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... capturing complaints correctly, omitting mandatory content from IDR response letters or failing to send responses to some claims. There was some better news however, with 63% of complaints closing within five business days and 92% closing within 45 days. ...

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
... its 2-3% target range. Presently, inflation in Australia is 6.1%, the highest it's been since the early 1990s. The RBA claims that global factors explain much of the increases in inflation, but it doesn't entirely discount domestic factors either. The ...