DLA Piper – Australia: Insurance Review April 2013

DLA Piper – Australia: Insurance Review April 2013

Welcome to Insurance Review April 2013, DLA Piper's publication dedicated to the insurance industry.

In this edition we report on developments across the insurance industry, including the long-awaited amendments to the Insurance Contracts Act 1984 (Cth), the proposal to introduce unfair contract terms laws for insurance and major coverage cases. We report on the latest cases in most classes of business, including D&O, professional indemnity, workers compensation, reinsurance, civil liability, transport, medical indemnity and more. Of particular note is the section devoted to class actions and the groundbreaking decisions concerning complex investment products which failed during the Global Financial Crisis.

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