Insurance

Irish insurer Zurich Insurance has lost its appeal seeking to shut down a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block.

Insurer Select AFSL acted unconscionably when selling life, funeral and accidental injury insurance over the phone, a court has found in a case brought by the Australian Securities and Investments Commission.

Irish insurer Zurich Insurance has appealed a judge’s finding that a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block could go ahead, arguing the finding was the result of federal overreach.

AIG can't force investment firm Sayers to hand over communications over which it claimed legal professional privilege, with a judge rejecting the argument that Sayers could not “cherry pick” which advice it disclosed after waiving privilege over advice given by two barristers in 2017 and 2019.

The lead applicant in an unsuccessful class action over the Carwoola bushfire has avoided indemnity costs sought by insurer CGU and has won a 40 per cent reduction in the amount of legal costs it will have to cover for the defendant.

Law firm Mills Oakley is launching a cyber risk and insurance offering spearheaded by former HWL Ebsworth partner Jason Symons.

Insurer Allianz has pleaded guilty to six charges of making false or misleading statements online about the scope of cover under its travel insurance.

QSuper has hit back at a class action over its alleged failure to notify members of changes to its premiums, saying group members failed to heed a “large font” notice of the changes and that any recoveries cannot be paid out to the law firm and funder running the litigation.

The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.

Insurance law firm Wotton + Kearney has opened its seventh office across Australia and New Zealand, expanding into Adelaide to meet local client demand and allow lawyers to work from their home town after the pandemic.