Editorial team
Editor: Eva Wiland. Email eva.wiland@thomsonreuters.com. Contributing Editor: Kate Tilley. Journalist: John Reynolds. Managing Editor: Helen Jones. Twitter: @Cover_NoteTR.
View ArticleHospital loses damages appeal
Sydney's Bankstown Hospital has failed to have almost $1.3m in damages against it reduced because NSW Supreme Court Justice Monika Schmidt preferred competing medical opinion over its own. On August...
View ArticleWine supplier settles out of court
Treasury Wine Estates (TWE) has settled a $49m shareholder class action that alleged it engaged in misleading and deceptive conduct. The Federal Court action alleged TWE had breached continuous...
View ArticleAdviser pleads guilty to 25 charges
Former Wickham Securities chair and Sherwin Financial Planners founder Bradley Thomas Sherwin has pleaded guilty to 25 ASIC charges resulting from his businesses' collapse. In May 2016, ASIC banned...
View ArticleAFS licensees' PI ‘sound'
Most small Australian financial services (AFS) licensees' professional indemnity (PI) cover meets regulatory requirements, an ASIC review has found. The review focused on the adequacy of small...
View ArticleFSC: $94bn in subscale default super
FSC has countered Industry Super Australia's campaign against major banks' retail super ( CN 24/08/17 ) , claiming the Fair Work Commission's default super fund process has trapped up to $94bn in...
View ArticleGovt to promote driverless car trials
The parliamentary innovations standing committee this week recommended the Federal Government facilitate and encourage driverless vehicle trials ( CN 13/04/17 ) . In its report , the ctee found public...
View ArticleACCC mulls over lost Medibank case
ACCC is “carefully considering ” the Federal Court's dismissal of its proceedings against Medibank Private Ltd ( CN 23/06/16 ) . ACCC alleged Medibank had made false, misleading or deceptive...
View ArticleGovt probes APRA's CBA probe
The Standing Committee on Economics will scrutinise APRA as part of its review of the performance and strengths of Australia's financial and banking regulator. Ctee chair David Coleman said the ctee...
View ArticleCGU takes top insurer ‘hat trick'
NIBA brokers have voted CGU their top insurer for the third consecutive year. Other finalists were Chubb, Allianz and QBE. The Lex McKeown trophy for services to NIBA went to Emjay Insurance Brokers...
View ArticlePeople
APRA has appointed three panel members to conduct its prudential inquiry into the Commonwealth Bank of Australia ( CN 31/08/17 ) . They are Banking and Finance Oath chair John Laker; former ACCC chair...
View ArticleNIBA: ‘Leave brokers alone'
NIBA president Tim Wedlock wants governments and regulators to leave brokers alone. “We've done nothing wrong,” he told delegates at the NIBA Convention opening in Sydney on Monday (September 10)....
View ArticleEY claims ‘first' marine blockchain
EY and Guardtime have unveiled the world's first blockchain platform for the marine insurance sector. The platform was launched in collaboration with AP Møller-Maersk A/S, Acord, Microsoft, MS Amlin,...
View ArticleDay: ‘Opportunities in uncertainty'
The future is uncertain for financial lines but uncertainty can provide opportunities, Suncorp insurance CEO and ICA president Anthony Day says. “This is an exciting time to be in our industry,” he...
View ArticleChange of guard at QBE as Neil quits
In a surprise announcement , QBE has told the ASX CEO John Neal will step down after five years at the helm ( CN 02/03/17 ) . He will be succeeded on January 1, 2018, by Australian and NZ operations...
View ArticleILS ‘unfavourable Aust, NZ option'
The Australian and NZ regulatory environments favour traditional reinsurance over insurance-linked securities (ILS), Suncorp insurance CEO Anthony Day told the official Monday (September 11)...
View ArticleBlockchain group unveils prototype
The 15-member blockchain insurance industry initiative (B3i) group unveiled its much-anticipated smart platform prototype during the Monte Carlo RVS conference (above) on Sunday (September 10),...
View ArticleHarvey, Irma ‘earnings events'
Industry experts at a Standard & Poor's Global Ratings roundtable on Sunday (September 10) agreed at the RSV conference (above) the latest US hurricanes ( CN 07/09/17 ) were more likely to be...
View ArticleAon covers US storm victims
Aon has released replacement cover to help US property and business owners with impaired or exhausted aggregated flood cover limits after late August's Hurricane Harvey ( CN 31/08/17 ) (above) . It...
View ArticleEditorial team
Editor: Eva Wiland. Email eva.wiland@thomsonreuters.com. Contributing Editor: Kate Tilley. Journalists: John Reynolds, Kate Tilley. Managing Editor: Helen Jones. Twitter: @Cover_NoteTR.
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