2,025 results found

The long-awaited bill regulating activities of direct offshore foreign insurers ("DOFIs") in Australia has finally been released.

Exemptions for direct offshore foreign insurers from the requirement to be authorised by APRA have been finalised by the Australian Treasury. Although the details have slightly changed, the general thrust of the exemptions is the same as that proposed in September last year.

There was no legal professional privilege over the Investigation Report as dominant purpose was to determine liability.

The worker suffered injuries in a motor vehicle accident in the course of his employment. His employer, Tiger Tours, operated the vehicle while Caringbah Bus, an associated company of Tiger Tours, was the registered owner of the vehicle.

Recent catastrophic flooding in various parts of Australia, and in Queensland in particular, has seen insureds and insurers alike turning to polices to determine the extent of coverage for their losses.

The Issues Paper forms part of the wider review of the General Insurance Code of Practice, which was commenced in 2012.

Update on federal government measures affecting the insurance industry.

The endorsement of the FSI's recommendations will ultimately lead to some significant changes to insurance regulation.

The High Court has looked at double insurance, and shed some more light on this complex issue.

Whilst the insurer is required by law to make a decision within 21 days, it is often not as clear cut as that.

The Court had no difficulty in finding that the settlement was reasonable and so the insurer was liable to reimburse it.

Directors' and officers' insurance - what you need to know.

One of the issues considered in the recent English High Court decision of Western Trading Ltd v Great Lakes Reinsurance (UK) PLC [2015] was whether the claimant (Western) had a sufficient insurable interest...

The reasonable care condition of a public liability policy can only be relied upon by an insurer where there is a deliberate course of action or inaction which theinsured realises exposes him to the risk of someone being injured by the danger which has been recognised by him.

An Insurer is not bound by its Internal Review determination, particularly in the face of new information.

The revelations in business interruption insurance highlight the need for prompt reviews of policy & assessment of circumstances.

The insurers could rely on a rainfall exclusion in a contract works policy on the basis of logic and business efficacy.