Theft victims win dispute over key left near stolen vehicle – Daily – Insurance News

The owners of a stolen 2016 Audi Q7 will have their claim paid after a dispute body overruled their insurer, which had denied the claim arguing the complainants left a key within the “immediate vicinity” of the car at the time of the theft. The victims lodged a claim on November 20 last year, under … Read more

Admiral wins dispute with window coverings company

The New Jersey Supreme Court overturned a lower court ruling Wednesday and upheld Admiral Insurance Co.’s denial of coverage to a window coverings company, which was based on a policy exclusion. Santa Fe Springs, California-based Richfield Window Coverings LLC, which does business as Nien Made (USA), sells window coverings to national retailers such as Home … Read more

Credit Suisse steps up $440 million legal dispute with SoftBank

(Reuters) — Credit Suisse Group AG has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp. over a $440 million dispute, a source familiar with the matter said Thursday. Switzerland’s second-largest bank is trying to recover funds that Greensill Capital, a defunct finance firm, had lent to Katerra, a SoftBank-backed U.S. construction group … Read more

Dual in $822,000 claims dispute with aged care provider – Daily – Insurance News

NSW-based St George Aged Care has filed a suit in the Federal Court to recoup substantial advice fees under a Dual Australia policy after health authorities demanded it appoint an adviser to address compliance failures during a covid outbreak, or risk withdrawal of government subsidies. St George alleges Dual declined to indemnify $821,776 in adviser … Read more

Farmer’s sugar cane dispute goes up in flames – Daily – Insurance News

A sugar cane farmer who lost his crop to a bushfire in November 2018 has lost his bid to have his payout increased after a dispute ruling determined his insurer’s settlement offer to be fair. IAG-appointed inspectors estimated the bushfire-affected area at around 50 hectares and measured 60 tonnes of sugar cane per hectare, totalling … Read more

Swiss Re loses dispute with home improvement retailer over settlement

A federal appeals court Thursday affirmed a lower court ruling against a Swiss Re unit in a dispute involving a home improvement retailer’s rejection of a settlement offer that led to a $6 million jury verdict. A customer of Eau Claire, Wisconsin-based Menard Inc., a home improvement chain, filed a negligence suit against the retailer … Read more

AFCA backs broker over BI claim dispute – The Broker 2 – Insurance News

The Australian Financial Complaints Authority (AFCA) has found against a policyholder who argued that a broker failed in its duties by not lodging a pandemic-related claim for business interruption cover. The complainant argued the broker refused to help it lodge a claim on two occasions, and requested the broker pay the business interruption losses because … Read more

Homeowner loses dispute over collapsed pool – Daily – Insurance News

Homeowner loses dispute over collapsed pool 3 August 2022 A homeowner will not be covered for damage to his 40-year-old pool after an Australian Financial Complaints Authority panel decided that the proximate cause of the structure’s collapse was deterioration over time. The complainant lodged a claim under his home and contents policy on March 16 … Read more

Underinsured driver left with no car and large debt wins dispute – Daily – Insurance News

A single mother who owed her financier more than $40,000 on a written-off car has won a claim dispute and compensation after the ombudsman ruled her insurer gave poor and inadequate advice over the sum insured value at the inception of her policy. The mother’s decision to select a sum insured that was only 56% … Read more

iPhone 6 owner loses ‘top of the range’ phone dispute – Daily – Insurance News

iPhone 6 owner loses ‘top of the range’ phone dispute 26 July 2022 A man who sought to have his insurer replace his wrecked iPhone 6 with a “top of the range” phone has lost his claims dispute. The complainant lodged a claim under his home and contents cover after accidentally dropping his phone in … Read more