Popular Searches: 　AIG 　china 　sunamerica+aig 　LIFE 　financial 　health
  • Share

One.Tel collapse opens an insurance can of worms

 

Monday, Nov 23,2009, 10:36:25 AM   Click:

The court loss by regulators in the case against director Jodee Rich over the collapse of One.Tel also highlights the issue of directors' and officers' insurance. Such a policy was held for several leading One.Tel staff, via insurer CGU and reinsurer Gerling. However, the provider has argued that misconduct such as misleading disclosure of information had voided the policy, and no payouts will be made to creditors of One.Tel. Legal action is continuing in the matter.


Publication Date: 23 November 2009

CGU INSURANCE AUSTRALIA LIMITED
GERLING GLOBAL REINSURANCE COMPANY OF AUSTRALIA PTY LTD
ONE.TEL LIMITED
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
FERRIER HODGSON AND COMPANY
COURT OF APPEAL (NEW SOUTH WALES)
SUPREME COURT OF NEW SOUTH WALES
ABC RADIO

  • Share
  • Print

You may also be interested in:

Discuss this news

Click Here to see all comments
Please aware of self to obey the Internet related policy laws and strictly forbid to release porn, violence.
Appraisal:

Name:

Email:

Content:

Featured

Sterling Financial Corporation (NASDAQ: STSA) today announced that its subsidiary, Sterling Savings Bank, has entered into an agreement with its regulators to continue taking actions to strengthen

Sterling Financial Corporation of Spokane, Washington,

Sterling Financial Corporation (NASDAQ: STSA) today announced that its

Skepticism over the financial condition of insurance companies is healthy and financially strong insurers stand to gain over weaker competitors in today's market, an executive for a major

Regulatory Reform, Rewards for Quality Insurers Ahead,

Skepticism over the financial condition of insurance companies is healthy and

NEW YORK--(BUSINESS WIRE)-- Anthony J. Nugent, executive vice president, employee benefits sales, for MetLife, Inc. (NYSE: MET), will present at the Wachovia Securities 19th Annual Mid-Year Equity

MetLife Executive to Speak at Wachovia Conference

NEW YORK--(BUSINESS WIRE)-- Anthony J. Nugent, executive vice president,

CHICAGO - (BUSINESS WIRE) - March 26, 2009 - Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Attorneys Title Insurance Fund, Inc. (the Fund) at 'CCC' from 'BBB'. The

Fitch decline Attorneys' Title IFS to 'CCC'

CHICAGO - (BUSINESS WIRE) - March 26, 2009 - Fitch Ratings has downgraded the

Copyright: The Associated Press. All rights reserved. May This material may not be published, broadcast, rewritten or redistributed. Source: Associated Press Wordcount: COLUMBIA, Caroline SC_South

SC bill extends health coverage to adult children

Copyright: The Associated Press. All rights reserved. May This material may not

Copyright: The Associated Press. All rights reserved. May This material may not be published, broadcast, rewritten or redistributed. Source: Associated Press Wordcount: WASHINGTON_The Treasury

Federal budget deficit sets March record $ 192.3B

Copyright: The Associated Press. All rights reserved. May This material may not

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings expects to assign an 'A' rating to the $500 million senior unsecured note issuance planned by ACE INA Holdings Inc. (ACE INA), a subsidiary of ACE Limited

Fitch Expects to Rate ACE INA Holdings' $500MM Sr.

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings expects to assign an 'A' rating to the

MOST POPULAR