Legal

DB Insurance facing US$60m lawsuit in Guam, fine in Vietnam: Report

July 4 2025

Insurer is being sued over unpaid typhoon claims in Guam.

War risk insurers liable for jets seized in Russia UK High Court rules

War risk insurers liable for jets stranded in Russia, UK High Court rules

June 12 2025

Global (re)insurers are facing billions in payouts, with the judgment likely to have wide-ranging implications.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australian court dismisses ASIC appeal against Auto & General’s ‘unfair’ insurance clause

June 9 2025

Decision follows regulator's claims that policy wording placed unclear obligations on customers across several major insurance brands.

former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud

Hong Kong authorities charge former CCB employee in Vesttoo case

June 9 2025

Charges relate to alleged acceptance of over US$470,000 in cryptocurrency to supply false letters of credit.

asic-targets-insurance-misconduct-as-complaints-soar-and-climate-risks-intensify

ASIC sues Choosi for allegedly misleading customers on insurance comparisons

June 3 2025

The regulator claims Choosi only compared policies from a single insurer despite advertising broader options.

ASIC takes Hollard Insurance to court over property-related claims handling

April 11 2025

The regulator alleges insurer failed to act in utmost good faith by repeatedly delaying assessment and settlement of a claim filed after storm damage in 2021.

iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years

IAG pushes to delay A$7bn Greensill trial: Report

March 26 2025

The insurer is facing 10 claims from creditors, including Credit Suisse and US investment firm White Oak.

Prudential Hong Kong appoints Abhishek Kumar as CRO and Grace Lee as general counsel

March 14 2025

Both appointees will report to CEO Lawrence Lam and join the Hong Kong Executive Committee.

Suncorp to settle class action over add-on insurance sales

February 28 2025

In an exchange announcement, the insurer denied any wrongdoing but confirmed it has decided to settle case.

allianz-australia-awp-australia-fined-a16-8m-for-misleading-travel-insurance-advertising

Supreme Court of NSW fines Allianz, AWP A$16.8m for misleading travel insurance advertising

February 28 2025

The court found both companies misrepresented policy features and coverage levels online between 2016 and 2018.

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