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Showing 451 - 460 of 6982 results for "Insurance"

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... decade. In May 2023, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $ ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... report on times for uninsured claims, despite most death claims within the review relating to members who didn't have insurance at the time of their passing. This meant most of their death benefit claims during the two-year review period weren't reported ...

ClearView's share price tanks 31%

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... expect to have a material effect on the price or value of its securities given the nature of its business, being life insurance." "The information related to the first quarter claims experience only. Claims volatility occurs from time to time in the ...

Mason Stevens bolsters distribution team

MATTHEW WAI  |  MONDAY, 18 NOV 2024
... growth at Investment Trends for four years. Prior to that, Tunny spent 12 years between NAB and MLC across investment, insurance, and practice development in various senior capacities. Mason Stevens' chief executive Tim Yule said Tunny's appointment ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... claims in particular are complex, and usually deal with an untimely death. It is complex by nature because there is the insurance component and super payout," Delahunty said. "When we look at policy changes, to streamline paperwork around death certificates ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... majority of which (2034 or 56.93%) were around account administration issues. A further 1047 were around group life insurance, and 455 to do with death benefits distribution. The fresh data comes as Cbus is facing proceedings in the Federal Court over ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... in terms of our differentiated product, particularly so given stapling and also the dangerous occupation aspects of insurance, to make those members aware," Fok said. "We also work very constructively with them on the ground to recover unpaid super. ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... "The reason that we're having a Senate inquiry in Canberra into these issues is actually because of the data on insurance claims, which shows that so many of the super funds actually do the wrong thing when it comes to consumers filing insurance ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... impacted members. Elsewhere, a super fund failed to prove it had notified its members with inactive accounts that their insurance will be cancelled unless they 'opt in' to keep their cover under the PYS legislation. The trustee had supposedly engaged ...