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Showing 31 - 40 of 46 results for "Credit Insurance"

NAB, MLC face class action

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance. The two companies will face Slater and Gordon in Federal Court after the law firm officially filed proceedings. Slater and Gordon allege ...

Integrity Life expands senior team

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... for $21.7 million. The deal saw Integrity Life underwriting the life insurance component of QBE's consumer credit insurance suite sold via financial institutions.

Daido Life buys stake in life insurer

KARREN VERGARA  |  WEDNESDAY, 6 JUN 2018
... for $21.7 million. The deal saw Integrity Life underwriting the life insurance component of QBE's consumer credit insurance suite sold via financial institutions. Integrity Life managing director and chief executive Chris Powell at the time said ...

Freedom acquires bank insurance arm

KARREN VERGARA  |  TUESDAY, 17 APR 2018
... bid to diversify its insurance products. The specialist insurance solution provider offers general, life and credit insurance through its partner Vero Insurance. Its in-force book totals $70 million; it has more than 147,000 customers and 64 employees ...

ASIC accepts EU from Brisbane adviser

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
... customers who were sold add-on life cover that had little or no value via car dealerships under its MTA Consumer Credit Insurance. MTA Insurance will refund life and trauma insurance premiums to customers who were 25 years old or less when the policy ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance to more than 65,000 customers, and chair Catherine Livingstone announced Ian Narev would retire from the top job by ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... bank takes a separate blow in its insurance arm, forced to refund more than $10 million for mis-sold consumer credit insurance to more than 65,000 customers. According to ASIC, CBA sold 'CreditCard Plus' insurance for credit card repayments to customers ...

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... accounts had been opened. While systemic illegal misconduct was not identified, the audits highlighted consumer credit insurance (CCI) as a standout product for customer complaints and at heightened risk for sale without proper informed customer consent. ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... more than 500 customers. In a release issued by the regulator, Virginia Surety was said to have sold consumer credit insurance - a bundled add-on insurance product which includes general and life insurance cover - through The Warranty Group Australasia ...

NAB appoints independent customer advocate

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
... for selling and providing advice on products such as transaction accounts, general insurance products, consumer credit insurance, mortgages, personal loans, credit cards and small business loans. Former Australian public service commissioner, Stephen ...