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Showing 41 - 50 of 2182 results for "Claims"

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... 2024, Renato Mota's decision to step down as chief executive of Insignia Financial after two decades with the business claims the top spot as this year's most-read news item. Insignia said the decision was a mutual agreement between the business ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... for its income protection insurance for the Plus (Series2) policy by 100% over the next two years. "Given an increase in claims volume and length, the small number of OnePath income protection customers holding cover with lifetime benefit periods were ...

AustralianSuper in talks to extend administration services mandate

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... conditions for ongoing service delivery, particularly as the super fund takes on internalising complex processes such as death claims and member complaints. Notably, AustralianSuper has today flagged that it will insource death claims management with ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... of the "legally correct case" it was now bringing. On October 25, the Federal Court rejected the bid, saying the fresh claims would place Mawhinney in "significantly greater jeopardy." ASIC must now pay all costs incurred by Mawhinney between 30 May ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... concerned that iExtend may have provided financial product advice without a licence, and that iExtend may look to provide a claims handling and settling service in the future. Around the time of the alleged misconduct, the firm, led by former chief executive ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... settlement payment of no less than $16 million settlement sum), inclusive of legal costs in full, in final settlement of the claims of the lead applicant and group members." If the settlement is approved by the Federal Court, E&P said the class action ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... performance figures about one of its investment options. The industry fund subsequently incurred a $48,600 fine for its claims regarding its Balanced Growth investment option, which boasted a 10-year performance track record without proper disclosure ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... Treasury consultation paper states that companies "will be afforded protection from false or misleading representation claims from private litigants" for the first three years, during which time only the regulator would have the power to take action. ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having seen Mawhinney's initial 20-year ban ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... life insurance complaints may have declined 24% in the 2023 financial year, but policyholders continue to complain about claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints Authority (AFCA) ...