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QBE wins appeal in Opal Tower coverage row with Icon, but no success for Liberty
Appeals 2021-07-21 6:04 pm By Miklos Bolza Sydney

The Full Federal Court has found that Liberty Mutual Insurance, but not QBE, is required to cover Icon Construction’s losses stemming from the Opal Tower disaster, which has caused the builder $31 million in losses.

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Judge questions ‘extraordinarily large’ legal fees in $30M Westpac class action settlement
Alec Leopold 2021-07-16 8:58 pm By Miklos Bolza Sydney

A judge has questioned the legal disbursements sought to be approved in a $30 million class action settlement against Westpac over allegedly excessive life insurance premiums, particularly the “extraordinarily large” barrister fees charged in the case.

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Witness who won’t undergo quarantine can testify by video link in ex-Quintis boss’ trial
ASIC 2021-07-16 4:36 pm By Cat Fredenburgh Melbourne

A judge has allowed a key US-based witness in ASIC’s case against former Quintis director Frank Wilson who will not submit to 14 days in hotel quarantine to give evidence by video link.

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Allianz says joint class action would eliminate competition in contingency fee rates
Adam Hochroth 2021-07-16 3:21 pm By Christine Caulfield Melbourne

Consolidation of two consumer class actions against Allianz would do away with competition in a contest to lead a single case that would force a drop in the contingency fee rates of the rival law firms, the insurance giant has told a court.

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ASIC wants Allianz to pay $1.5M penalty for travel insurance sold on Expedia
Allens 2021-07-13 1:46 pm By Miklos Bolza Sydney

ASIC is seeking $1.5 million in penalties against insurers Allianz and AWP after they admitted to misleading or deceiving the public by selling travel insurance to ineligible customers through three Expedia-owned websites.

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ACCC frowns on Smile Direct’s health care coverage claims
ACCC 2021-07-13 1:25 pm By Bianca Hrovat Sydney

The Australian Competition and Consumer Commission has taken legal action against international dental care company Smile Direct Club for allegedly misleading tens of thousands of consumers with claims they would be eligible for private health insurance coverage for their aligner teeth straighteners.

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Law firms reverse course on novel alternative to beauty parade in Allianz class actions
Christopher Withers 2021-07-13 1:13 pm By Cat Fredenburgh Melbourne

Two law firms running competing class actions against insurance giant Allianz have dropped a plan to resolve the duplication by jointly running just one of the cases, opting for consolidation instead.

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How a fall on the world dance stage prepped Lander & Roger’s Melissa Tan for complex litigation
Insurance 2021-07-12 10:30 pm By Miklos Bolza Sydney

Lander & Rogers special counsel Melissa Tan brings the same fierce work ethic and tenacity when competing in Latin dancing competitions around the globe that she does to working on complex insurance disputes.

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Failed insurance brokerage can’t get cover from Chubb for director’s alleged theft
Chief Justice James Allsop 2021-07-12 3:47 pm By Cindy Cameronne Sydney

A judge has denied defunct insurance broker All Class Insurance its bid for indemnity cover for the alleged theft of company funds by its director, finding the director misappropriated trust funds and fraudulently did not disclose the conduct to insurer Chubb Insurance.

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Zurich unit OnePath to refund $35M to tens of thousands of life insurance customers
ASIC 2021-07-12 3:17 pm By Bianca Hrovat Sydney

Zurich Group life insurance subsidiary OnePath Life will refund $35 million to 40,000 customers who were sold life insurance over the phone and were subject to “egregious” sales practices.

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