INsight podcast: Hollard’s good faith fine and what it means
A $2 million fine imposed on Hollard for claim handling failures is one of the main topics tackled on the latest Insurance News podcast.
As previously reported, the Federal Court judgment, following ASIC action, is the first civil penalty for an insurer breaching its duty of utmost good faith.
This week’s edition of INsight, hosted by Insurance News MD Andrew Silcox, features editor-in-chief John Deex, deputy editor Wendy Pugh and journalists Bernice Han and Ian Welch.
Other issues discussed by the team include an entrepreneur’s bid to build a $200 million brokerage, insurer efforts to get the government to focus on disaster resilience ahead of a possibly problematic summer, and a compliance expert’s views on paid claimant advocates.
You can find the latest episode, and previous episodes of INsight, published here.