Friday, December 22, 2017

Insurance Stories: Which insurers do we trust the most?

While readers relax over the Christmas break, Commonwealth advisers and politicians should be asking about the Sydney infrastructure mess.   Continue reading 


Should we now call for a new royal commission ...  Is it a good time to refer dodgy insurer tactics and strategies to the royal commission into insurance ... Most banks are also controlling shady insurance landscapes

"To consider the law and practice relating to motor vehicle insurance and whether any alteration to the law is desirable"

Allegations contained in the complaints can be classified generally as follows -

(i)  The unfairness to the insured of arbitration as a compulsory means of settling differences. The complaints in this area fall into two categories:
  1. (a)  The insurer can, in the privacy of arbitration proceedings, advance technically valid but morally unjus t defences.
  2. (b)  Some arbitration agreements provide for each party to bear his own costs, whether or not he is successful, and this inhibits some insured persons from pressing their claims. 



  • (ii)  The unfairness of certain conditions, exclusions and warranties forming part of most policies, and the alleged harshness of insurance companies in enforcing their strict legal rights.
  • (iii)  The small size of the print in some policies.  




  • Productivity Commission Inquiry Smash Repair and Insurance Allianz Australia Insurance Limited

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    Allianz was also bemused by MTA NSW's comments on payment times where ... 1 Productivity Commission, Inquiry into Smash Repair and Insurance, Transcript of proceedings at ... the reduction of fraud and rebirthing.


    'Treated like a criminal': Insurance industry's fraud investigations ..


    When her car was stolen and she lodged a claim on her insurance policy, Nina*, a Sydney mother-of-two, thought it would be a smooth process.Insurance, after all, is supposed to give you a peace of mind. She was shocked her insurer launched a fraud investigation. What's worse, despite having no ...

     

    NSW Government launching a parliamentary inquiry into the ...


    NEWS.com.au (blog)
    Parliamentary committee says safety is at risk because of poor ...
    It follows complaints that some insurance companies are trying to muscle-in on the crash repair industry — driving smaller repairers out of business — and are ... Australia's largest vehicle insurer by market share, Suncorp — which also operates under AAMI, GIO, Just Cars and Shannons — owns 23 smash ...




    Smash repair concerns: Investigation reveals repairers putting ...


    ABC Online

    AAMI is owned by Suncorp, which owns 12 brands including AAMI, GIO, Shannons, Bingle and Just Car Insurance, one of the largest insurers in ... Mr Dandan lost faith with the insurer and its repairer and employed licensed smash repairer Amer Zreika from Auto Parlour Repairs to review the work.
    The 10 insurance traps you probably don't know about

    Call for transparency over variations in home insurancepremiums
    Suncorp deploys Watson to determine claims liability

    Which insurers do we trust the most?

    AAMI customer anger: Insurance industry's preferred repairer schemes in question - The Sydney Morning Herald

    Free Help With Car Insurance Claims - JP Auto Group - JP Accident Repair Centre

    Court finds against former officers of GIO Insurance | ASIC - Australian Securities and Investments Commission 


    Court finds against former officers of GIO Insurance. Mr Jeffrey Lucy, Chairman of the Australian Securities and Investments Commission (ASIC), welcomed the judgement in ASIC's civil penalty ...

    How to make an insurance complaint - Money Advice 


    If you're not happy with the way your insurance company has treated you, you have the right to complain – find out how.

    Complaints against insurance companies. The Financial Ombudsman Service (FOS) provides a dispute resolution scheme to help people in disputes with their insurancecompanies. The advantages of using a dispute resolution scheme rather than going to court are: they are familiar with insurance law

    GIO Car Insurance Reviews - ProductReview.com.au
    Resolving disputes - Understand Insurance
    Complaints against insurers - NSW Fair Trading


      Repairers v Assessors is $3050 a magic number ...

    DateProduct/ServiceReviewRatingViews
    Dec 06, 2017GIO Car InsuranceThieves, crooks and criminals! Disgraceful company with criminal policy. 1
    283

    Aug 09, 2017GIO Car InsuranceGIO Third party fire and property insurance 5
    2,893