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

INSURERS WIN ON AGGREGATION CLAUSE IN COVERAGE DISPUTE OVER CLASS ACTION

Legal Directions

Bank of Queensland Ltd v AIG Australia Ltd [2018] NSWSC 1689 Clients of a financial planner had been defrauded in a…

Continue reading

Federal Court of Australia Insurance List

Legal Directions

As part of the National Court Framework Reforms, the Federal Court of Australia will establish an Insurance List for short matters…

Continue reading

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