Broken leg, not legacy

Outsider

6 February 2020
| By Outsider |
image
image
expand image

Outsider knows that the girls and boys over at CommInsure have been just a bit distracted in recent times given the long, very long, nature of the transaction which will ultimately result in the company being owned by AIA Australia Limited.

But has the distraction of the transaction been such that the inhabitants of its claims area have forgotten the really negative publicity that accompanied its claims handling arrangements back in 2016 and 17?

Outsider wonders this, because he happens to know that the wife of a well-respected industry executive took a nasty tumble in her back garden resulting in fractures and other injuries prompting the executive to seek to claim on the trauma policy the family had maintained over many years for just such an occasion.

Imagine his surprise, not to say anger, when he was told that notwithstanding that the premiums had been paid right up to date that it was a “legacy” policy so…
Outsider suggests that legacy policies just don’t expire. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

15 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 20 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 18 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 21 hours ago