MetLife fights mental health ruling
MetLife has applied to the High Court for special leave to appeal against a WA Appeal Court decision to grant damages in a mental health disability claim under a group income protection policy ( CN...
View ArticleNSW bushfire class action proceeds
Lawyers leading the October 2013 Springwood-Winmalee Black Saturday bushfire class action ( CN 1871 ) return to the NSW Supreme Court next month for further negotiations, a Maddens Lawyers spokesperson...
View ArticleYoui launches in NZ
Youi Insurance has launched in NZ. Youi CEO Danie Matthee told CN Youi received its NZ licence on July 28, began selling policies on July 29 and launched a marketing campaign on August 3. It has a call...
View ArticleS&G picks up Melb, Qld firms
Slater & Gordon is buying Vic personal injury law firm Nowicki Carbone Partners and Qld consumer law firm Schultz Toomey O'Brien for $64m. The firm this week reported a 40% increase in FY14 revenue...
View ArticleALA: beware NDIS ‘fault lines'
Systemic issues in the NSW lifetime care & support (LTCS) scheme, a model for NDIS, may already be affecting services provided via NDIS, the Australian Lawyers Alliance (ALA) warned this week....
View ArticleRe CEO mulls insurers' underwriting
Munich Re CEO Nikolaus von Bomhard has questioned the wisdom of insurers' underwriting strategies in his company's 1H report. The reinsurer reported a 42% jump in 2Q profit to €769m ($A1.2bn), while 1H...
View ArticleCanterbury claims top $NZ12bn
Canterbury earthquake ( CN 1829 ) claims have topped $NZ12bn ($A10.9bn), the NZ Insurance Council (ICNZ) says . It said 80% of commercial claims and 66% of residential had been fully settled. At June...
View ArticleDiary
August 28, Sydney: Curwoods Lawyers seminar series. Email susan.lazaris@curwoods.com.au October 22 - 24, Sydney: Moody's Analytics insurance credit analysis. Go to moodysanalytics.cvent.com
View ArticleEditorial team
Editor: Eva Wiland. Email eva.wiland@thomsonreuters.com. Contributing editor: Kate Tilley. Journalist: Krystal Belcher. Managing Editor: Helen Jones. Twitter: @Cover_NoteTR. Product code: 134001879
View ArticleNominal defendant ‘without liability'
NSW Appeal Court judges have dismissed an appeal against a District Court finding the nominal defendant was without liability for injuries a motor vehicle passenger sustained when the driver of another...
View ArticleMedical negligence case dismissed
A surgery patient's “long and sorry tale of non-compliance” has ended with the NSW Supreme Court dismissing his medical negligence case. Justice Peter Garling said Gerard Mazzella's failure to produce...
View Article$8m cost order offsets $0.5m win
A couple who had sued for more than $100m for the death of their son on a Scots College hike, but was awarded only $500,000, has been ordered to pay a lump sum of almost $8m ( CN 1870 ) . Curwoods...
View ArticleLloyd's Aust premiums double
Lloyd's Australian premiums have doubled over the past five years, the latest Finity pendulum report says ( CN 1689 ) . Lloyd's premium peaked in 2012, reaching $US2bn ($A2.15bn). APRA statistics show...
View ArticleSCT finalises 18.4% more complaints
The Super Complaints Tribunal (SCT) finalised 2,719 complaints in FY14, up 18.4% on FY13. SCT's latest quarterly bulletin said complaints resolved at review more than doubled to 268, compared with 133...
View ArticleNDIS ‘on track and on budget'
NDIS ( CN 1879 ) is now “on track and on budget”, its fourth quarterly report to the COAG disability reform council shows . Federal minister responsible for NDIS Mitch Fifield said the time to...
View ArticleIndustry super outperforms retail
A University of Sydney study has found industry super funds outperform retail funds by almost 50%. The McKell Institute-funded study found workers who saved through non-profit super funds could have...
View ArticleVero strengthens broker bonds
Vero is launching a national program to increase its commercial claims teams' understanding of broker operations. This week, in the first of a series of events, Insurance House national manager...
View ArticleComparison site sees upside in FSI
Compare the Market (CTM) ( CN 1857 ) has backed the financial system inquiry (FSI) interim report 's ( CN 1875 ) suggestion comparison websites use automated processes to seek quotes from general...
View ArticleChallenger readies for annuity surge
Challenger Ltd this week announced an institutional share placement to raise $250m to fund expected retail annuity growth. Another $30m would be raised from existing shareholders via a share purchase...
View ArticleACCC clamps down on aggregators
CTM ( above ) has paid a $10,200 fine after ACCC issued an infringement notice for claims CTM made in promoting its health insurance comparison service. ACCC said CTM's advertising claimed it compared...
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