COMMINSURE

Superannuation

CommInsure has announced the launch of a new income protection platinum product along with changes to its total and permanent disablement and trauma cover offerings....

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Life/Risk

CommInsure has upgraded its underwriting offer with a tele-interview service to improve adviser productivity....

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Life/Risk

CommInsure has told a Parliamentary Committee it has a clean bill of health with respect to allegations over missing or altered documents within its Medical Officers Refe...

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Life/Risk

CommInsure will extend its heart attack definitions to include customer claims from October 2012, following ASIC’s report....

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Life/Risk

ASIC has called for various improvements in CommInsure’s claims handling process in its report on its investigation into the firm....

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Life/Risk

ASIC has examined 60,000 documents as part of its CommInsure investigation and will deliver its findings by the end of the month....

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Financial planning

Commonwealth Bank chief executive, Ian Narev, has defended the validity and independence of Deloitte’s review of claims-handling within CommInsure....

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Policy & Regulation

CommInsure has issued a statement that rebuffs criticisms levelled against it by law firm, Maurice Blackburn on the scope of a Deloitte independent report into its claims...

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Life/Risk

Maurice Blackburn has attacked CommInsure over its claims handling report, saying the types of claims selected for review were selective....

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Policy & Regulation

An independent Deloitte report has cleared CommInsure of systemic issues over its claims handling process but found poor customer experiences....

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Life/Risk

CommInsure has received positive feedback from the launch of a tele claims service and updates to its product offerings....

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Life/Risk

Independent reviews of retail advice and group in life insurance claims at CommInsure did not find inappropriate decline of claims, the Commonwealth Bank said....

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Life/Risk

APRA is considering whether the whistleblowing provisions of the Life Insurance Act were adhered to in the CommInsure claims handling controversy....

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Financial planning

The FSC’s new Life Insurance Code of Practice faced a delay of three months from its 1 July deadline after it identified areas requiring improvement following industry co...

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Life/Risk

CommInsure has appointed Deloitte to review past life insurance declined claims, while DLA Piper will examine ethical issues and policy definitions, medical file and reco...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 3 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

3 days 7 hours ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 2 days ago