Insurance Claims Recovery is a legal term that pertains to an insurance company acknowledging its insured party’s right to pursue a claim against a wrongdoer. When an insurance company compensates for property damage resulting from an accident, the party responsible for the accident becomes liable. They must submit a subrogation claim to their insurance provider. […]

In Australia, Plaintiffs can be awarded interest to compensate for the time it took Defendants to pay the outstanding amount. The interest awarded can be pre-judgment or post-judgment, and each State and Territory has its own legislation and rules for calculating interest. This article will examine the interest rates for Victoria, Queensland, and New South […]

Subrogation is governed by Part 8 of the Insurance Contracts Act 1984 (Cth) (“ICA”) in the context of insurance law. In the simplest terms, subrogation in the context of insurance law permits an insurer to take on the obligations and rights of an insured in order to file a claim against a third party who […]

In order to prevent circumstances in which an insurer rejects a claim on a technicality even though the insured has submitted a valid claim, Section 54 of the Insurance Contracts Act was created. Prior to the passage of Section 54, insurers frequently rejected claims for very small violations of the terms of the policy, leaving […]

Insurance Claims Recovery refers to the process of an insurance company accepting a claim made by its insured against a wrongdoer. In the event of property damage caused by an accident, the party responsible will be held liable, and the insurance company may file a subrogation claim to recover the costs. Subrogation claims are often […]

The Personal Property Securities Register (“PPSR”) is a real-time online register of security interests held in personal property. Consumers or businesses can search the PPSR when they need to know whether certain personal property has a security interest registered against it.

A Calderbank Offer is a written offer made in full and final settlement of a claim, inclusive of any claim for legal costs, made on a without prejudice basis. Being made on this basis, the party making the offer expressly reserves the right to notify the court of the offer if and when the question of costs in the matter arises.

A contract is an agreement between two or more parties that is intended to be legally enforceable. A contract arises when one party makes an offer and the other party accepts. Contracts can be verbal or in writing, and the agreement can take the form of a signed document, a verbal agreement or as a result of clicking an ‘I agree’ button on a website.