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“Had the code had real teeth as we have been calling for several years, our clients’ cases would not have been impacted with significant delays and would instead have been dealt with in a timely fashion,” he said. He said the lengthy delay in the process proved the code lacked teeth and called for it to be beefed up by giving the corporate regulator oversight of the complaints process. “Given all these breaches of the code relate to delays in the processing of consumers’ claims, the insurers should take immediate action to pay compensation, including penalty interest,” he said. Get moving in 2021 with this at-home workout. The Maurice Blackburn principal Josh Mennen, who lodged the complaints, said they were the “tip of the iceberg”. The CEO of Planet Fitness is bracing for a brick-and-mortar fitness boom as the company creates content to disrupt digital offerings made popular by the pandemic.
The committee said it finally got responses after it escalated the issue by writing to insurance company chief executives in August last year. “Whilst some relevant general information was gleaned from the ongoing individual investigations, this was insufficient to gain an overall perspective.” “Most subscribers failed to respond to the committee’s request, which was both perplexing and disappointing,” the committee said. Life Fitness Coupon, Promo Codes: 10 Off - August 2022 Life Fitness Coupons & Promo Codes Submit a Coupon Save with 10 Life Fitness Offers. In its report, the committee said that because it had only limited resources it decided to fully investigate 31 complaints and sent the rest back to insurers, along with a list of questions it wanted answered. Maurice Blackburn lodged 700 complaints with the committee in early 2018 against insurers AIA, AMP, Asteron, CommInsure, Hannover, Metlife, MLC, OnePath, Suncorp, TAL, Westpac and Zurich.Īt the time OnePath belonged to ANZ but the insurance part of the business has since been sold to Zurich. The industry set up the code committee in 2017 after it was rocked by media reports, including a joint Four Corners/Fairfax Media series, that exposed allegations of misbehaviour taking in bullying, the use of outdated medical definitions and doctor shopping by insurers. “Compliance monitoring must be prioritised, ongoing and systematic.” “Subscribers must take their code compliance far more seriously than they have to date,” the committee said. The only insurer so far publicly sanctioned by the committee is OnePath.