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Showing 751 - 760 of 2447 results for "Claims"

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... general slowdown in economic activity is, of course, unemployment. Latest available data show that unemployment insurance claims - a leading indicator of unemployment - jumped by 70K to 281K in the week ended March 14. Still peanuts when you consider ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... "Many funds are already at full capacity dealing with member inquires," Elia said. "This new category of early release claims will most likely have to be processed manually which will require some time for fund administrators to implement. There is also ...

Insurers halt some virus cover

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
... contact with someone who has been in self-isolation." Meanwhile, ClearView said there will be no specific exclusions for claims arising from a pandemic event, and said there are no plans to include exclusions going forward. "Policyholders may also be ...

Former Toys "R" Us executives face fraud charges

ALLY SELBY  |  MONDAY, 16 MAR 2020
... including a $4.2 million (US$2.6 million) bonus awarded to chief executive David Brandon. This is one of the many explosive claims coming out of TRU Creditor Litigation Trust, the creditor responsible for investigating and bringing claims against the ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... insurer battles to remain profitable in "extremely difficult market conditions". Facing higher expected income protection claims costs, "substantial" reinsurance cost increases and the full impact of the most recent reduction in interest rates, ClearView ...

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 ...