“Not an empty verbal formula” – the Federal Court imposes a civil penalty for failing to observe utmost good faith

The duty to act with utmost good faith is a foundational principle of insurance in Australia. An insurer’s failure to comply with that duty is a contravention of s 13(2A) of the Insurance Contracts Act 1984 (Cth) (ICA) and can attract civil penalties.

21 October 2026

ASIC’s supervisory priorities for 2026-27: a clear focus for the year ahead

ASIC has announced its sector-specific supervisory priorities for 2026-27, signalling its focus areas, expectations of industry and the potential targets of future enforcement action.

21 October 2026

Underwrite at first sight? Not quite

Warranty and indemnity (W&I) insurance now forms a core part of private M&A transactions and private M&A sale processes.

29 April 2026