Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 901 - 910 of 2425 results for "Claims"

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
... government budget wins too, in that it's spending less on unemployment benefits. Latest data show that continuing jobless claims dropped to 1,631,000 in the week ending 20 October - the lowest level since the mid-1970s and is edging closer to the ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... that's subject to various regulations; and a parallel scheme whereby private sector insurers determine the worthiness of claims and the processes and conditions for return to work, the report said. The industry accepts the fact that there are a range ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... effective from 31 December 2018, and will cover about 65% of the New Zealand retail wealth protection portfolio for new claims incurred from that date. AMP said the reinsurance agreement is expected to reduce New Zealand profit margins by $20 million ...

TAL slashes jobs, cuts outbound sales

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
... follows recent scrutiny of such practices by the Royal Commission. Following an appearance by TAL's general manager of claims Loraine van Eeden, the insurer was slammed for bullying claimants and using private investigators to spy on them in an effort ...

TAL refutes duty of good faith breaches

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims. In a submission to the Royal Commission, the group insurer says it did not breach its duty of ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... in which investors could obtain the benefits of dividend withholding tax credits. Macquarie said the investors' credit claims were "refused and there was no loss to the German revenue." The Cologne Prosecutor's Office (CPO) is also investigating a transaction. ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... with personal advice?" they asked. As for life insurers, Orr and Costello asked if they should be prevented from denying claims based on the existence of a pre-existing condition that is unrelated to the condition forming the basis for the claim. The ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... dispute resolution mechanisms as an effective mechanism for redress," she said. During TAL's testimony, general manager of claims Loraine van Eeden conceded the life insurer's response to an insured person who had a legitimate mental health claim was ...

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
... Earlier, the industry fund's insurance service delivery manager Lachlan Ross faced the commission over its handling of claims, including a well publicised incident of a former McDonald's staff member whose claim was the subject of litigation after the ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... regulator did not have the power to enforce breaches of any obligation to act efficiently, honestly and fairly in relation to claims handling. Loane repeated her earlier answer, saying the FSC would like to see the code be given a chance to work. "I ...