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Global insurer Jardine Lloyd Thompson can access names of local councils behind class action
Global insurer Jardine Lloyd Thompson has won access to the identities of local councils suing it in a NSW class action brought by Quinn Emanuel alleging the broker charged the councils excessive premiums.
AIG appeals ruling in Kaboko Mining D&O coverage dispute
AIG Australia has appealed a decision that found it's liable for covering four former directors being sued by collapsed Kaboko Mining after a failure to repay a US$5.95 million loan allegedly led to the company's insolvency.
Court demands greater transparency from ASIC in AMP insurance case
ASIC has been ordered to reveal the extent of its communications with experts that are compiling a report central to its case against AMP over alleged insurance churning by one of its former financial advisers.
NAB says customers could decide if credit card insurance was ‘worthless’
National Australia Bank has rejected a class action's claims that it pushed worthless credit card insurance onto its customers, saying it was up to the customers to determine the true value of the coverage.
Judge waives opt out notice in HIH Insurance class actions
A judge has dispensed with the opt out notice requirement in two class actions filed in administration proceedings related to the spectacular collapse of HIH Insurance.
Full Court tosses ACCC appeal in Medibank disclosure case
The Australian Competition and Consumer Commission has lost an appeal of a ruling that dismissed its case over allegedly inadequate disclosures by private health insurer Medibank relating to member benefits.
United Petroleum unit appeals loss against Allianz over fire coverage
A Queensland ethanol refinery owned by United Petroleum has appealed a judge's ruling that insurer Allianz Australia did not have to provide coverage for damage resulting from a 2016 fire.
Insurance broker JLT hit with class action over excessive premiums
Quinn Emanuel has hit global insurance broker Jardine Lloyd Thompson with a class action for allegedly charging local councils in NSW hundreds of millions of dollars in excessive premiums over the past nine years, and the firm says there may be more lawsuits on the horizon.
Allianz policy exclusion dooms United Petroleum unit’s fire damage claim
A Queensland ethanol refinery, owned by United Petroleum, has lost a dispute with its insurer Allianz Australia over coverage for damage resulting from a 2016 fire.
CBA boss blames predecessor for dodgy credit insurance
Commonwealth Bank of Australia chief Matt Comyn has pointed the finger at his predecessor, Ian Narev, for the bank's selling of credit insurance to ineligible customers, claiming the former CEO failed to heed advice and stop selling the products.