Climate class action points to rising trend

12 August 2020

A class action filed against the Federal Government for failing to disclose climate change risks attached to sovereign bonds reflects trends that could see rising actions against companies, legal firm Allens warns...

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Local

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Corporate

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Regulatory & Government

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Life Insurance

$3.6 million ‘smoker’ premiums to be refunded

10 August 2020

At least 5000 superannuation fund members will collectively receive more than $3.6 million in compensation after they were wrongfully charged higher “smoker” premiums for life insurance, the Australian Securities and Investments Commission says...

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The Professional

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International

Asia’s July monsoon flood bill in tens of billions

10 August 2020

July monsoon flood damage in Asia topped $US20 billion, with China, Japan and India hardest hit, while in the US record heat fuelled thunderstorms and a minimal billion-dollar insurance bill, Aon’s latest Global Catastrophe Recap says...

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Analysis

IAG’s next big challenge: succession

10 August 2020

With the results for IAG’s financial year behind them, the group’s directors now have another major matter to settle – who will lead the group into what MD Peter Harmer has described as “an increasingly complex and dynamic environment”...

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