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Showing 561 - 570 of 2421 results for "Claims"

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... and increasing the cost for those remaining in products. Some funds also said they had seen an increase in the number of claims made on income protection policies, also pushing up the price. ING Living Super did not specify a reason for the 23% increase ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... analyse the value for money of default insurance and deliver better outcomes for members. According to ASIC's analysis of the claims data from the larger funds, insurers estimated that super members with default insurance will be paid up to 79 cents ...

Mayfair 101 heads to mediation

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... claim in relation to the capital growth representations. However, ASIC still alleges Mayfair 101 made false and misleading claims about the M+ Fixed Income Notes and M Core Fixed Income Notes, including comparing the products to bank term deposits. ASIC ...

PPS Mutual transforms underwriting process

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... Instead, it will request information that is only relevant to the risk assessment. PPS Mutual head of underwriting and claims management Marcello Bertasso said the rising costs of assessments impacted the amount of profit returned to members and the ...

Vision Super increases premiums

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... rise is due to several factors, including government changes (PMIF and PYS reducing the insurance pool), an increase in claims, and the impact of COVID-19. Vision Super has also altered the definitions of TPD, moving away from the controversial "activities ...

Magnolia bids for real estate agency

KARREN VERGARA  |  MONDAY, 7 DEC 2020
Magnolia Capital has made a takeover bid for an ASX-listed real estate agent, which the latter claims the bid price is too low. Magnolia Equities III has put forth an off-market, cash takeover bid for The Agency Group (AU1). Magnolia is offering four ...

Former Cbus chief takes prime role at AMP Capital

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... Super, and considering a merger with Cbus ). He joins AMP Capital at a time when it faces a cultural fallout from harassment claims against executive Boe Pahari, backlash from institutional investors including industry funds, and an unsolicited acquisition ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims. ASIC's information sheet and consultation paper C12 Proof: Claims Handling and Settling Service Statement builds on the Financial ...

ClearView streamlines underwriting

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
... are in Asia, are reporting that they are experiencing a dramatic increase in their workloads. There are both many more claims due to the pandemic and more applications for life insurance than in the past."

AIA under fire for coal holdings

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
... organisation with a focus on sustainability. The campaign, called AIA Kick Out Coal! launched by Insure Our Future and SumOfUs, claims the insurer remains invested in coal companies which contradict its lifestyle brand. "AIA is one of the world's ...