Early settlement saves on policy limit / defence costs
We assisted an insurer to settle out of a potentially long-running dispute by paying a proportion of the policy limit in satisfaction of all claims. Whilst the amount paid was substantial, it represented a large discount on the total limit, and removed the exposure for defence costs (which were potentially uncapped).
November 9, 2017
Introduction In 2012, the Corporations Act 2001 (Cth) (the Act) was amended [i] to include the Future of Financial Advice reforms…Continue reading
March 3, 2016
The 2017 list of ‘Best Lawyers in Australia’ was published online by the Australian Financial Review on 26 February 2016. Moray &…Continue reading