Legal

IAG to release AU$200m from BI provision as class action ends

January 31 2025

Actuarial estimate comes after Federal Court rules that COVID-19 business interruption class action against subsidiary IAL will not proceed.

Alllianz set to pay AU$170m in compensation after settling car add-on insurance class action

January 20 2025

ASIC has been criticising Australian insurer's car add-on insurance sales practices since 2016.

RHB Bank appeals high court ruling in bancassurance dispute with Tokio Marine Life Malaysia

December 20 2024

The dispute centres on Tokio Marine Life’s right of first refusal under a bancassurance agreement, potentially influencing the bank's search for new partners.

IAG to defend class action over NRMA insurance loyalty offers

December 10 2024

The recent class action lawsuit is the newest in a series of legal challenges filed against IAG’s insurance units.

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

Australia's Federal court rules HCF Life's policy term could mislead consumers

October 28 2024

Justice Jackman says pre-existing condition clause is misleading, but not an unfair contract term under the ASIC Act of 2021.

ASIC starts legal action against QBE over misleading pricing

October 23 2024

Customers were promised discounts for their loyalty when renewing their policies, ‘which they didn't receive’ alleges the regulator.

AA Insurance New Zealand fined NZ$6.175m due to discount failures

October 7 2024

New Zealand's High Court fines insurer NZ$6.175m (US$3.8m) for failing to apply discounts and bonuses, leading to overcharges.

India’s Star Health takes legal action against telegram over data leak - report

September 27 2024

The lawsuit also listed software firm Cloudfare as a defendant, as its services were used to host websites that spread stolen information.

Australia’s federal court rules against class actions for COVID-19 business interruption claims

September 24 2024

With the decision, affected policyholders will have to file individual claims instead.

Tokio Marine Malaysia seeks court intervention in RHB Bank bancassurance dispute

September 11 2024

Insurer looking to enforce its “right of first refusal” under a 2014 deal, which is set to expire this year.

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

Dedicated hubs

Insight by...

Insight by type

Legal