Photo: Sean Gallup/Getty Images Behind this week’s expose by Fairfax Media journalist Adele Fe... Behind this week’s expose by Fairfax Media journalist Adele Ferguson and the ABC’s Four Corners ...

SYDNEY (Reuters) - Commonwealth Bank of Australia has agreed to sell its life insurance unit to Hong Kong-based AIA Group for $3.1 billion, in the biggest Asian buyout of an Australian financial firm.

Speaking at a hearing for the parliamentary inquiry into the $44 billion life insurance industry, launched following allegations of poor claims handling at CommInsure, CBA wealth management group ...

Add articles to your saved list and come back to them any time. Commonwealth Bank will sell its challenged life insurance arm CommInsure for $3.8 billion, as the country's biggest banks retreat from ...

Allfinanz and CommInsure have recently announced the completion of a major project to enable faster processing of life insurance applications. For the first time, financial advisers can now offer ...

Add articles to your saved list and come back to them any time. Financial giant AMP takes an average of eight months to pay out life insurance claims following a death while CommInsure accepts about ...

Macquarie University provides funding as a member of The Conversation AU. In the scandal over possible misconduct by CommInsure, the insurance arm of CommBank, for its treatment of sick and dying ...

The Australian Securities and Investments Commission claims the insurance business made calls that were unsolicited, which was investigated during the royal commission into the banks last year. The ...

It's no real surprise the corporate regulator found no evidence of illegal activity at CommInsure. ASIC is charged with administering the Corporations Act and, as deputy chairman Peter Kell lamented ...

CBA-owned CommInsure will refund more than $12 million to life insurance customers after pleading guilty to unlawfully selling policies over the phone. CommInsure has pleaded guilty to 87 counts of ...

Pat McConnell does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

The Commonwealth Bank's life insurance arm, CommInsure, is accused of "serious misconduct" at the royal commission because it misled the Financial Ombudsman Service during its investigation of a ...