Victoria Chalmers

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Which principles should be applied when interpreting insurance policies?

A recent Victorian Supreme Court decision has confirmed that a court, when interpreting a policy of insurance, will assess the matters by reference to the ‘natural and ordinary meaning’ of the word/clause.  Simple, right?  But determining the ‘natural’ or ‘ordinary’ meaning of words is not always straightforward and rarely receives universal acceptance. Guastalegname v Australian … Continue reading

What ASIC has in store for the insurance industry in 2017

Recently, the chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft, delivered a speech to the Insurance Council of Australia Forum on the current insurance environment and ASIC’s priorities for the coming year, with a focus on the insurance industry. Current Environment Mr Medcraft acknowledged that 2016 was an eventful year for the … Continue reading
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