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Media Release: New liquidator data reveals ‘targeted exploitation’ of First Nations communities through Centrepay system

Youpla’s liquidators also revealed the company has had over 150,000 policies active at different times between 1992 and 2019, with around 20,000 still active in 2019. This reveals the scale of the harm caused to First Nations communities and provides insight into how their exploitative model relied on ‘churning’ sign-ups and cancellations to maximise profits and reduce potential liabilities to [ More ]

Media Release: Youpla collapse to fuel ‘trauma and intergenerational debt’ for Indigenous families across Australia

Community coalition led by First Nations groups calls for urgent government action by incoming Treasurer A coalition of over 125 organisations has released an open letter to both major parties calling for urgent action to prevent more than ten thousand Aboriginal and Torres Strait Islander families from being denied the dignity of a culturally appropriate funeral and grieving period due [ More ]

Insurers are failing consumers with shoddy data practices

The insurance industry could be relying on erroneous or misleading information concerning consumers and their claims history when quoting, assessing new claims or setting premiums, a damning report commissioned by Financial Rights has found. The report Privacy Practices in General Insurance by Roger Clarke and Nigel Waters examined the data access and handling practices of general insurers, including the accuracy [ More ]

Financial Rights welcomes Australian Government’s funding commitment for the Insurance Law Service

The Financial Rights Legal Centre welcomes the Australian Government’s 2022-2023 Budget commitment of $2.5 million over two years for the centre’s Insurance Law Service. Financial Rights Legal Centre Chief Executive Officer Karen Cox said the funding came at a critical time as without it the Insurance Law Service would struggle to remain viable. “This funding will enable the Insurance Law [ More ]