Latest Insurance Claims News

Synlait Milk Limited reveals a challenging first half of 2026 with significant losses expected, as it pivots its operations around Canterbury following the upcoming sale of its North Island assets.

Income Asset Management has resolved a protracted legal dispute with BGC involving former employees, agreeing to a $1.9 million settlement. A key shareholder has stepped in with a liquidity facility to support the company’s payment obligations.

Income Asset Management Group reveals a challenging Q2 FY2026 marked by a significant fraud event, resulting in losses and a strategic debt raise to shore up liquidity. Despite setbacks, client relationships remain intact as the group navigates legal and regulatory hurdles.

Cleo Diagnostics has broadened its U.S. market opportunity to around 2 million women annually and is on track to complete its pivotal clinical trial early this year, supported by a $5 million capital raise and regulatory progress.

Mitchell Services Limited has reported a remarkable first half of FY26, posting a 71% increase in quarterly EBITDA and achieving a net cash position of $7.2 million. The company’s strong operating cashflows and improved market conditions underpin its optimistic outlook.

Scout Security has inked a pivotal deal with global insurtech leader Bolt to supply water sensor kits, marking its strategic entry into the US insurance technology sector and validating its recent acquisition of Roo Inc.

Income Asset Management has secured a $2 million unsecured debt facility at 15% interest to strengthen liquidity during the quieter Christmas period while awaiting insurance claim outcomes related to a recent fraud event.

HITIQ Limited and Sportscover have forged an exclusive partnership to embed PROTEQT™, a cutting-edge concussion management system, into Sportscover’s sports insurance policies, starting with Hockey Australia and set to expand further.

Cleo Diagnostics has identified a significantly larger U.S. patient population for its pre-surgical ovarian cancer test, expanding its commercial opportunity ahead of next year’s market entry.

Livium Ltd has completed its strategic pivot to focus on recycling clean energy waste, reporting solid Q1 FY26 results and securing a significant capital raise to fuel expansion into battery, solar panel, and rare-earth element recycling.

Foresta Group Holdings finalises a $4.6 million insurance settlement and progresses key contracts for its Kawerau Plant, reporting a solid cash position as it deepens forestry sector partnerships.

AMP has reached settlement agreements with several insurers over claims related to historical remediation programs, recovering approximately A$44 million to date while negotiations continue with others.