ASIC writes to insurers and brokers
October 22, 2020
The Australian Securities and Investment Commission (ASIC) has written to insurers, Lloyd’s coverholders and insurance brokers in relation to the handling of business interruption claims.
The National Insurance Brokers Association (NIBA) CEO, Dallas Booth said, “This is an important letter that all insurance brokers should consider very carefully.”
NIBA legal adviser, Mark Radford, has prepared a note, which also includes a copy of the ASIC letter. “We recommend all insurance brokers familiarise themselves with this material,” Booth added.
As always, any questions or comments should be submitted to Dallas Booth at dbooth@niba.com.au
