INSURED LOSES BID TO MAKE AN EXCESS POLICY PROVIDE PRIMARY COVER

Liberty Mutual Insurance Company v Kellogg Brown & Root Pty Ltd [2017] NSWSC 1519 Kellogg Brown & Root Pty Ltd (KBR)…

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Professional services exclusion in D&O policy read down to provide cover

Fund Managers Canterbury Limited v AIG Insurance New Zealand Limited [2017] NZCA 325 (28 July 2017) This decision concerned an appeal…

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$1 million penalty for breach of FOFA

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

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AMACA PTY LIMITED v LATZ – SA COURT DECISION MAY BE CONTROVERSIAL

On 30 October 2017, the Full Court of the Supreme Court of South Australia – by majority – rejected Amaca’s appeal…

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