Insurance

The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator's case over excessive delays in processing $20 million in death and disability claims.

The NSW Law Society's unusual approach to a proposed case against a law firm principal for a clerk's alleged embezzlement of client funds means insurer Lawcover's summary dismissal bid must fail, a judge has said.

The applicant in a class action against AMP wants to amend the case five years in and three months out from trial, but a judge has warned he will look dimly on any changes that disrupt the evidence planned for the hearing.

ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance's former boss and another executive over a sales incentive scheme.

Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.

Insurer Liberty Mutual has argued that CPB Contractors and John Holland's $150 million in claims in relation to Sydney's North West Rail project are largely out of time, in a lawsuit alleging the insurer breached its duty of good faith.

Barry Nilsson has executed on its strategic growth agenda with the recruitment of six new principals and their teams from DLA Piper in a major boost to its insurance and health practice.

Clyde & Co has boosted its corporate insurance and commercial offering by luring a partner from Gilchrist Connell. 

Insurer Marsh wants the Full Federal Court to overturn a ruling barring it from pursuing claims in a UK court over the failure of Greensill Capital.

Clyde & Co has boosted its corporate insurance offering, welcoming back solicitor Yvonne Lam after her stint at Gilchrist Connell.