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Showing 761 - 770 of 2422 results for "Claims"

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... poor consumer outcomes and increased operational risk for insurers." The inappropriate sale of life insurance and poor claims handling practices were also highlighted as issues. However, despite the issues APRA noted that life insurers broadly finished ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... litigation charge weighed on profit causing a 22% decline in earnings. The 1MDB scandal has been ongoing since 2016, with claims of embezzlement and money laundering with the bank under scrutiny for its role in raising money for the Malaysian government ...

Super fund appoints deputy investments chief

KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
... defraud, after he made enquiries about one of the vehicles that the fund was invested in. The court threw out the police's claims early in 2019. Brown was fully supported by NASFUND through the events, Clearview said in an ASX statement at the time. ...

Insurers halt sales to fire-affected areas

ELIZA BAVIN  |  WEDNESDAY, 15 JAN 2020
... the dropdown cover will be eroded until the fires are completely over. Suncorp has received over 2600 bushfire-related claims, with a total cost of between $315 million and $345 million. IAG has also taken a massive hit from the bushfires, having already ...

The Income Store closed for business

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... for how exactly the websites would generate income is unclear, however, there is still evidence on Courtright's site of claims that websites could generate ongoing income. A Reddit user reported investing $100,000 through The Income Store and being promised ...

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
The Financial Planning Association of Australia said in a submission to Treasury that it supports bringing insurance claims handling under the definition of financial services. The submission, in response to Treasury's exposure draft legislation and ...

UniSuper on climate chopping block

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
... fossil fuel companies. "UniSuper does not have fund-wide exclusions on fossil fuel investments of any kind. Instead, it claims to engage with investee companies in order to improve climate risk management," Market Forces said. "However, UniSuper has ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... of members covered by its group insurance policy. "Considering the reforms, changes to membership demographics and past claims paid, we have had to increase the cost of insurance," the fund said. Members between the ages of 27 and 55 will see the cost ...

ASIC claims to support robo-advice

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
In a submission to the Select Committee on Financial Technology and Regulatory Technology, ASIC has claimed it is "supportive" of robo-advice, though harbours concerns around its ability to meet the best interests duty. The regulator said it has met ...

La Trobe, State Super donate to bushfire appeal

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
... Livanas said. The support State Super is offering comes in the form of quicker responses to requests for funds and quicker claims processing.