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Showing 731 - 740 of 2422 results for "Claims"

Life insurers are doing their best: FSC

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
... decisions, not the outcomes. The FSC said 598 of the approximately 700 allegations of code breaches related to the timing of claims decisions. Of those, 13% were found to be unfounded. "This report is also silent on the LCCC's own findings from their ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... Compliance Committee (LCCC) conducted an investigation and found many insurers breached their commitment to process insurance claims and requests for review within certain timeframes. Maurice Blackburn's bulk complaint alleging more than 700 instances ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... work - and even if they braved it out, find that their places of employment are shuttered anyway. Coronaphobia is proving claims made during the GFC that governments and central banks should have let the global economy reboot - i.e., go into the recession ...

Life insurer chief executive retires

JAMIE WILLIAMSON  |  THURSDAY, 5 MAR 2020
... momentum, an established market presence, modern, adaptable technology and truly customer and adviser focused underwriting and claims processes." Prior to joining Integrity Life, Powell served as interim chief executive of PHAROS Financial Group. He ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... have more death cover than TPD cover, we'll pay the death cover amount less the TPD amount already paid. This applies to claims where the diagnosis is made on or after 1 February 2020," Cbus said. Finally, Cbus has changed the EWA component of its definition ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... companies within the Sargon group currently face approximately $154 million in total liabilities, including secured debt claims of about $65 million, unsecured creditor claims of approximately $12 million, priority claims owed to employees of around ...

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... about $154 million in total liabilities. The $154 million in liabilities across the eight companies includes: secured debt claims of about $65 million, unsecured creditor claims of about $12 million, priority claims owed to employees of about $2 million ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... contribution scheme, creating a hybrid system. BetaShares senior investment specialist Roger Cohen pushes back on Asher's claims, saying robust debates about the system's future need to be played out publicly, warning of the possible pitfalls to be had ...

ISA takes swipe at Grattan

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
Industry Super Australia (ISA) claims an increase in the super guarantee to 12% will increase consumption at a whole adult life level, as it takes a swipe at alternate modelling. In its submission to the Retirement Income Review (RIR), ISA said its ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... like Wells Fargo caves to the pernicious forces of greed, and puts its own interests ahead of those of the customers it claims to serve, my office will not sit idle. "Today's announcement should serve as a stark reminder that no institution is too big ...