CBA sells troubled CommInsure Life business for $3.8b

CBA sells troubled CommInsure Life business for $3.8b

Posted September 21, 2017 08:33:01 The Commonwealth Bank has agreed to the $3.8 billion sale of its life insurance businesses in Australia and New Zealand to AIA. CBA’s CommInsure business has been rocked by scandals, mostly surrounding its failure to pay out to some clients due to outdated medical definitions and alleged pressure on assessors to deny claims. The bank said CommInsure customers will retain the current benefits of their existing policies in the transfer to AIA. More to come. Topics: takeovers, banking, insurance, business-economics-and-finance, australia Source link

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A ‘yes’ vote will change lives

A ‘yes’ vote will change lives

OVER the next few weeks, most of you will be participating in the marriage equality postal vote survey and I truly hope that most of you will be saying ‘yes’ to love. I don’t want to sit here and angrily attack those of you who are unsure of how you’ll vote, or those of you that are going to tick the ‘no’ box. media_cameraPerthNow columnist and hit929 breakfast radio presenter Heidi Anderson. Instead, I want to introduce to you people from our community who WILL be affected by the survey…

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Inland railway to go across Queensland floodplain despite deadly warning

Inland railway to go across Queensland floodplain despite deadly warning

Posted September 21, 2017 00:24:55 Photo: The Inland Rail route is controversial because it cuts through prime farmland and floodplains. (ABC News: Lucy Barbour) Related Story: Farmers fear billion-dollar budget boost for inland rail could go to waste Related Story: Government expected to commit more than $1b to building inland rail Federal Infrastructure Minister Darren Chester has decided that the Melbourne-to-Brisbane inland rail line will be built across the Condamine floodplain in Queensland, despite farmers’ warnings that it could put lives at risk. He said the relative cost and transit…

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‘Cowards’ rob 87-year-old grandmother

‘Cowards’ rob 87-year-old grandmother

A GRANDMOTHER who was pushed to the ground and robbed as she walked home from Carlisle train station says her attackers are “cowards” for targeting the elderly. Two attackers made off with the 87-year-old’s bag about 12.30pm on Tuesday and tried unsuccessfully to use her credit card at a nearby liquor store. Grace, who requested her surname not be used, said she had been walking just a few hundred metres to her retirement village after volunteering in the city when she was ambushed on the street by a man and…

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Increase in aged-care complaints welcomed by commissioner

Increase in aged-care complaints welcomed by commissioner

Posted September 20, 2017 18:13:39 Photo: The Government spends $17 million a year to fund the aged-care complaints service. (AAP/Glenn Hunt) All the aged care resident wanted was a shower when she had been incontinent but staff at the home could not understand her pleas because of a speech difficulty. Key points: Increase in aged-care complaints welcomed by Aged Care Complaints Commissioner, says it means more people feel they can raise their concerns Says number of complaints should be balanced against growing number of people (more than a million) receiving…

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