Fri, 1st Mar 2024

This podcast summary from Financial Services Online covers crucial topics in Australia's financial industry. ClearView Wealth is in the spotlight, with a strategic shift to life insurance yielding a notable 32% rise in underwriting profits and new business growth of 55%. The company aims to reach a $400 million inforce premium in the coming three years. The Association of Superannuation Funds of Australia underscores the complexities of bequeathing death benefits to charities, necessitating legal risk analysis for trustees. The Victorian Supreme Court has capped legal fees at 30% in a class action against Insurance Australia Group, ensuring shareholders get a larger settlement portion. Finally, a local butcher in New South Wales has won a dispute against QBE Insurance over a claim denial related to flood-induced spoilage, reinforcing protection for local businesses.