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

Search Results

Showing 1 - 10 of 264 results for "An Insurance"

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
ANZ has had a significant legal win on appeal, with its proposed $4.9 billion acquisition of Suncorp's banking arm given the go-ahead. The decision to authorise the takeover was handed down this morning by the Australian Competition Tribunal (ACT) ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... already pursuing an action in which AI-related issues arise, where it believes the use of a demand model was part of an insurance pricing process that led to the full benefit of advertised loyalty discounts not being appropriately applied. Additionally ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... remarked that the regulator pursued the case to clarify the steps that an insurer must reasonably take before avoiding an insurance policy on grounds of fraudulent non-disclosure. "We believe this was an important case to bring given our view that it ...

Insurers drop allocation to risk assets: Research

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
Over 80% of insurers are adopting a cautious investment approach, signalling their intent to decrease exposure to risk in the coming six months. Janus Henderson, in collaboration with Investment Trends, released its 2023 Insurance Asset Management Report ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... saying that many customers are "in a vulnerable situation because of bereavement or illness, and need certainty of an insurance decision and the income stream if the claim is successful". "We urge insurers to review their claim handling practices and ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
In a move that will see members' costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... their existing superannuation fund, the relevant provider failed to consider their existing insurance or conduct an insurance-needs analysis," the panel determined. "The advice was also inappropriately scoped being limited to superannuation products ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... determinations to be deficient. Further, Court outlined the watchdog is keeping an eye on insurers. "Anyone who has renewed an insurance policy will be familiar with the various statements about the loyalty-based savings you will receive when you renew ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... year, over a 40-year working life, an individual (or their dependents) has about a one in five chance of receiving an insurance benefit through group super coverage. In 2021, over 10,000 death benefit insurance claims totalling $1.4 billion were paid ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... May 27, this will no longer be the case. Instead, an exclusion will apply to the member's cover. They won't be paid an insurance benefit if their death, injury or illness is directly or indirectly caused by their service, other than service in the Australian ...
PREVIOUS
NEXT