This is a significant week for the life insurance industry with the re-introduction by the Federal Government of a Bill to reform commissions payable on life insurance policies the release by ASIC of findings of its review of life insurance claims and the launch yesterday by the Financial Services ...

ASIC has released a report looking at the way vertically integrated funds management businesses deal with conflicts of interest The report summarises the findings of ASICs recent review of a number of businesses and sets out some good practice recommendations Partner Marc Kemp and Senior Associate ...

The High Court of Australia has decided that a third party claimant can join an insolvent or potentially insolvent defendants insurer to proceedings to seek a declaration that the insurer is liable to indemnify the defendant Partner Andrew Maher and Lawyer Shelley Drenth discuss the decision and its ...

Today the Full Federal Court clarified the law of penalties as it applies to fees The key development is that in considering whether the amount of a fee is extravagant and exorbitant compared to the potential costs incurred in dealing with a failure to perform an obligation the court held that ...

As fertile ground for class actions the Royal Commission has highlighted an ongoing problem with Australia's class action regime - there is no clear consistent means for resolving competing class actions. ...

The hearings in the Financial Services Royal Commission have been compulsory viewing not only for financial services industry participants and their regulators and professional service providers The hearings have exposed wide-ranging actual or alleged wrongful conduct that has captured the attention ...

The cyber insurance market in Australia is rapidly developing however key problems still remain. This guide explains cyber insurance – what it is, what it covers, common limits and exclusions – and how to work out whether cyber insurance is right for you ...

As cyber-attacks on Australian businesses increase many companies are discovering they are not adequately prepared or insured to handle a cyber-attack ...

The Commonwealth has recently made regulation to implement Australias commitments under its free trade agreements with Japan Korea and Chile which will ease certain foreign investment review and life insurance business regulations for investors from those countries Japan Sector Leader and Partner ...

Allens has advised insurance company Allianz Australia on its purchase of the Northern Territory Government's general insurance business. Allianz Australia has entered into an agreement with the ...