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
June 12, 2018
The Australian class action landscape has seen unprecedented growth in the past decade. Part of that growth has been the troubling…Continue reading
November 20, 2018
Bank of Queensland Ltd v AIG Australia Ltd  NSWSC 1689 Clients of a financial planner had been defrauded in a…Continue reading