Fraud allegations against Combined Insurance have led consumer groups to suggest that fraudulent sales practices may be a common feature in the insurance industry. A former Combine employee, whose Australian operations were merged with Ace in 2010, has accused dealers…
Check out Sydney’s sanctions joining Hannover Re . hub May 30, 2022 Sydney-based SanctionsCheck.co has been added to Hannover Re’s Equarium innovation platform. Ben Webster, co-founder of insurtech Agile Underwriting Services, designed Punishment Checking as a cost-effective way to manage…
Auto & General announces departure from CEO April 1, 2021 Auto & General’s local CEO John Myler has stepped down after 15 months in the role, and a full-scale search for his replacement will be underway in the coming months.…
Westpac NZ arm sells for $374 million July 12, 2021 Last week, Westpac announced its New Zealand life business would be sold for NZ$400 million ($374 million) to Fidelity Life Insurance. The announcement follows the completion of this month’s sale…
New Now you can listen to Insurance Magazine articles! The U.S. Supreme Court on Monday took no action against Bayer AG’s attempt to dismiss legal complaints from customers that the herbicide Roundup causes cancer as the German company seeks to…
The Australian Financial Complaints Authority (AFCA) says it is still seeing a large number of cases where consumers, particularly from Indigenous communities, believe they have been duped into buying funeral insurance. ceremony. Of the 260 funeral insurance cases received in…
Insurer American International Group has announced senior leadership changes that it says will strengthen the organization to deliver on its key priorities including decoupling the Life & Retirement Business. AIG announced that effective January 1, 2022, Mark Lyons, currently executive…
Tesla Inc. TSLA.O and CEO Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “relentless” investigation to punish Musk for being a fraudster. outspoken criticism of the government. The accusations…
Global insurer American International Group (AIG) reported positive fourth-quarter and year-end results thanks to General Insurance business results. After reporting a net loss of $60 million for the fourth quarter of 2020, the company reported a net income of $3.74…
U.S. insurer Chubb Ltd has agreed to acquire health insurer Cigna Corp. In a statement released late on Thursday, Chubb said it would acquire Cigna’s A&H (accident and health) and life businesses in South Korea, Taiwan, New Zealand, Thailand, Hong…