Getting behind the wheel
With an improved service in mind, CommInsure has made the decision to underwrite its own car insurance product, taking the responsibility from previous underwriter Allianz.
The new arrangement, which will involve Lumley General Insurance managing the claims process, gives CommInsure control over what premiums are charged and the inclusion of additional features and benefits.
Additional features of the new product include an accidental death benefit of $5,000 and an up to 70 per cent no claim discount.
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The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
