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Showing 781 - 790 of 2446 results for "Claims"

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... Investments are likely to also suffer, while insurers SunCorp, Insurance Australia and QBE may be impacted by an increase in claims. The report also suggests implications for Orica, Graincorp, Boral, BHP, Whitehaven Coal, Caltex, Viva Energy, Spark Infrastructure ...

Opt-out super to hit workers: ISA

HARRISON WORLEY  |  TUESDAY, 21 JAN 2020
New Industry Super Australia research claims to show plans to make superannuation optional for low-income workers is nothing more than a tax grab. According to ISA's latest analysis, low-income workers in New South Wales who chose to take their superannuation ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... insurance company would actually pay out. But, ASIC data shows on life policies bought through financial advisers 96% of death claims are paid out, 95% of income protection claims and 87% of total and permanent disability claims.

ISA slams ANU research as SG debate rears its head again

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... undertaken by the ANU - and included as part of the university's submission to the government's retirement income review - which claims the appropriate level of SG can "differ substantially across members". In the new paper - The 'Right' Level for the ...

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 ...