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Insurance

Telstra boosts insurance portability

COMPANY RELEASE  |  FRIDAY, 2 JUL 2010
Australia's largest corporate super fund, Telstra Super has improved its insurance to include the ability to transfer externally held death and TPD cover to the fund, matched by group cover rates.

OneCare upgrades benefit more workers

MICHAEL HOBBS  |  THURSDAY, 1 JUL 2010
ING Australia has introduced a suite of improvements to its OneCare risk products by broadening the number of occupations that qualify for income protection and providing more relief for medical workers.

AXA ramps up insurance for 115,000 clients

RUTH LIEW  |  MONDAY, 28 JUN 2010
An extra 115,000 financial planner clients who use AXA insurance will be able to tap improved cover, following upgrades to the firm's financial protection products.

AXA sells UK life and savings business

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
UK insurance investor, Resolution Limited, has bought AXA's UK life risk business for $4.7 billion.

Broking firms back Suncorp update

MICHAEL HOBBS  |  THURSDAY, 24 JUN 2010
Stock research arms of Citi and Goldman Sachs JBWere give a thumbs up to Suncorp's new strategy to distribute risk insurance products directly through GIO, AAMI and APIA while continuing to develop its financial advice channel business.

Aviva, AMP and CommInsure top insurance

RUTH LIEW  |  TUESDAY, 22 JUN 2010
Aviva has been named the overall leader in the life insurance sector, with AMP and CommInsure following close behind, new research from Investment Trends show.

Too much insurance erodes savings

COMPANY RELEASE  |  MONDAY, 21 JUN 2010
Professional Associations Super is calling for its members to tackle overinsurance through multiple super accounts, and to avoid the threat of insurance fees eating into their retirement savings.

Insurance broker gets permanent ban

ASIC RELEASE  |  WEDNESDAY, 16 JUN 2010
ASIC has permanently banned insurance broker Steven James Ker of Palmyra, Western Australia, from providing financial services.

Prudential scraps AIG deal

COMPANY RELEASE  |  FRIDAY, 4 JUN 2010
Prudential has confirmed its agreement with AIG to buy its Asian assets is over.

ACSRF boosts insurance for members

RUTH LIEW  |  FRIDAY, 4 JUN 2010
The Australian Catholic Superannuation Retirement Fund joins the growing number of super funds providing more insurance at little or no extra cost after it increased its death and TPD insurance cover for members from 8 to 28 per cent starting next month.