Page 6 - Fair Dealing News Today

The FMA case was based on three core breaches: purported enhancement of policy benefits; charging premiums after the termination of a policy and treating policies as terminated when they should have remained in force; and incorrect inflation adjustments. AIA wrongly told some customers they were entitled to cover enhancements for existing policies, also knowns as passback benefits. However, in reality the benefits only applied to policies after 2003. Supplied CEO Nick Stanhope says AIA NZ has...

Press Release – Financial Markets Authority Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Ttai Hokohoko. The case was filed in the Auckland High Court and alleges three … Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko. The case was filed i...

AIA Admits False And Misleading Representations To Customers In New Zealand Financial Markets Authority Fair-Dealing Proceedings Date 29/07/2021 Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko.  The case was filed in the Auckland High Court and alleges three causes of action under the Fair Dealing provisions (Part 2) of the Financial Markets Conduct Act 201...

Australian mining billionaire and former politician Clive Palmer has been hit with a $1.5-million judgement over unauthorized use of the...

And now to what smells like hypocrisy.  As you may remember, Nine was one of the big news organisations accusing Google and Facebook of ‘stealing’ its content and was demanding millions of dollars in compensation. So, imagine our surprise to find that Nine’s A Current Affair has been doing some pilfering of its own. Last month, ACA viewers were treated to this stunning footage of outback Australia: NAT WALLACE: With overseas a COVID daydream, we’ve all been isolating in our own spectac...

Class-action lawsuits filed in Nevada against car insurance providers amid pandemic The class-action lawsuits have been filed against State Farm, USAA, Geico, Acuity, Liberty Mutual, Farmers, Progressive, Travelers, Nationwide, and Allstate. Posted at 10:41 PM, Feb 23, 2021 and last updated 2021-02-25 17:00:33-05 LAS VEGAS (KTNV) — Multiple class-action lawsuits have been filed in Clark County District Court by the Las Vegas law firm Eglet Adams and Reno trial lawyer Matthew L. Sharp, see...

Keatley. Bill C-209 aims to amend the  Act to clarify that no copyright subsists in any work that is, or has been, prepared or published by or under the direction or control of Her Majesty or any government department, without prejudicing any rights or privileges of the Crown. Mr. Masse, the Bills sponsor, stated during the first reading that "the government has a closed door when it comes to government publications, research and a number of published periodicals. This costs taxpayers a sig...

Chairman tells investors to disregard implied remarks.

If you live on Planet Earth and own a smartphone, computer or TV, you have probably already seen the viral meme of Senator Bernie Sanders birthed at the historic 46th U.S. Presidential...

McDonald Worley Files Suit Against Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Markets, Inc., TD Ameritrade, Inc., TD Ameritrade Clearing, Inc., TD Amer Share Article Today, McDonald Worley, advocate of the people, filed suit alleging Breach of Contract, Breach of the Implied Covenant of Good Faith and Fair Dealing, Negligence, Breach of Fiduciary Duty, Violations of the Sherman Act – 15 U.S.C. § 1 and Violations of State Antitrust Laws against Robinhood Financial LLC, Robi...