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Showing 581 - 590 of 2445 results for "Claims"

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... with their current ownership of the insurer. The $120 million debt was subscribed to by Nippon alone. "The increase in claims payments of income protection products and others is an industry-wide challenge in Australia. As such, MLC Life has been working ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

Woman allegedly left out of will because she was born by artificial insemination

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... Lawyers, explained that in most states in Australia step-children lose their legal status as a person's child and any claims to an estate once a marriage is dissolved. Under most state's laws, it doesn't really matter if the child considers ...

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... breached a number of regulations. Among them were providing personal advice without a licence and making false or misleading claims about the level of risk undertaken and the profits which clients could generate. Union Standard also traded in margin ...

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 ...