The Vic Claims Discussion Group Inc. (the VCDG) is a not-for-profit professional, educational and networking organisation. Our aim is to encourage discussion on insurance law and claims management with seminars and panel discussions that are focussed on current trends and interesting insurance topics.
March 6, 2019
The Banking Royal Commission final report was released to the public on 4 February 2019. In the report, Commissioner Hayne has made 76 recommendations, some of which may have significant impacts across the banking, superannuation and financial services industry, and those who regulate it. While no individuals have been referred for criminal prosecution, the Commissioner has identified 22 entities as having engaged in possible misconduct. The report also recommends expanding enforcement powers for regulators and increasing penalties for law breakers. Given the endorsements received from both sides of Government to the majority of the recommendations, there is little doubt we will see swift legislative and regulatory action. See full article at https://www.gclegal.com.au/limelight-newsletters/banking-royal-commission-report-in-a-nutshell/
March 6, 2019
In a split decision delivered on 26 February 2019, the NSW Court of Appeal found that a cause of action for breach of a promise to indemnify under an insurance policy accrues at the time of the insurable event – even where a claim has not been made or has not been assessed. The majority of the Court of Appeal held that the limitation period for property damage insureds under policies promising to ‘indemnify’ for loss begins to run from the date of damage rather than at some later time when indemnity is denied or taken to have been refused. See full article at http://www.turkslegal.com.au/publications/when-does-indemnity-arise-accrual-cause-action-breach-contract-under-property-damage
Our next event is in at XYZ to discuss Z and Y about K.
Seminars organised by VCDG provide an opportunity for attendees to learn, network and engage in discussion whilst earning CPD/CIP points.
Our dedicated VCDG committee strive to put together topical and informative events to cater to all aspects of the insurance industry. If you have any questions please contact the committee.
With regular events VCDG offers an oppurtunity to stay up to date with industry conventions. Click here to view our upcoming events.