Still interested in interest? Another case concerning section 57 ICA

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In December 2012 we reported on recent cases concerning section 57 of the Insurance Contracts Act 1984 (Cth) (ICA). In particular, we considered the question: how long is ‘reasonable’ for an insurer to consider a claim and withhold payment?. The recent case of De Smeth v NSW Fire Brigades Superannuation Pty Ltd [2013] NSWSC 19 considered ICA s57 in the context of a total and permanent incapacity claim…

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