Insurance

Upping the ante in sprawling litigation over the failure of Greensill Capital, the global finance firm's bank has won an anti-anti-suit injunction against Marsh that bars the insurer from prosecuting its UK case.

A former authorised representative of Resilium Insurance Broking has failed to persuade an appeals court that the intermediary network breached a contract by providing its client data to a new representative.

Super fund Cbus has made admissions in the corporate regulator's case over long delays in the processing of $20 million in death and disability claims, with the action to progress directly to penalty.

The corporate regulator has filed proceedings against RACQ, one of Queensland’s largest insurers, alleging it sent customers renewal documents with misleading comparison pricing. 

Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.

The competition watchdog has raised concerns that IAG’s proposed $1.35 billion acquisition of the RACWA's insurance operations could substantially lessen competition.

Builder Icon has taken insurers Chubb and Mitsui Sumimoto to court, arguing it is entitled to claim $21 million for the costs of rectifying Sydney's Opal Tower development.

The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments have appealed a ruling that found time was up on its insurance claim for building defects in a property completed 17 years ago.

Insurance giant Suncorp faces a class action investigation on behalf of millions of home and car insurance customers who were allegedly misled about their premiums and charged a so-called loyalty tax.

Insurers Bond & Credit Company and Tokio Marine can't eyeball advice given by Ashurst to lender White Oak in a dispute over the collapse of supply chain finance company Greensill.