Retroactive date: insurance broker claim successfully settled

We assisted an insurance broker to settle a claim where, it was alleged, the broker had failed to advise his client as to the effect of a retroactive date in PI cover. Central to a large saving in settlement was our investigation that revealed that unlimited retroactive cover would not have been available or would have been unaffordable, meaning no loss was occasioned by the broker’s omission.


Related Articles

NO LONGER PART OF THE GROUP: IT MAY NOT BE TOO LATE

Legal Directions

Murray v Great Southern Managers Australia Ltd [2018] VSC 416 Facts In August 2011, a group proceeding was commenced on behalf…

Continue reading

$1 million penalty for breach of FOFA

Legal Directions

Introduction In 2012, the Corporations Act 2001 (Cth) (the Act) was amended [i] to include the Future of Financial Advice reforms…

Continue reading

COMPETING GETSWIFT CLASS ACTIONS TOLD TO GET STUFFED

Legal Directions

The Australian class action landscape has seen unprecedented growth in the past decade. Part of that growth has been the troubling…

Continue reading