cmla

Funds management

Equity Trustees has announced it has entered into agreements with Colonial Mutual Life Assurance Society, in a move which will see its total funds under supervision incre...

Life/Risk

CommInsure admits to misleading advertising

The Royal Commission has heard that CommInsure ran misleading and deceptive ads, with Commissioner Kenneth Hayne QC suggesting its reprimand by ASIC for doing so was ligh...

Life/Risk

Cancer patient’s claim denied despite medical support: RC

The Royal Commission has heard that a CommInsure customer was denied a claim following breast cancer treatment, despite two doctors confirming to the insurer that her pro...

Life/Risk

CommInsure stuck to outdated definition despite risk to customers

CommInsure was aware that its definition of “heart attack” for insurance claims was outdated and could potentially result in the rejection of otherwise legitimate claims ...