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ASIC roundup: Hollard Insurance sued, and 95 firms taken down

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

The Australian Securities & Investments Commission’s latest actions and news, March 31 – April 11, 2025.

Hollard Insurance sued for serious claim handling failures – April 11, 2025

Hollard Insurance has been sued for seriously failing to handle a customer insurance claim, which took almost three and a half years to resolve.

The claim was made on October 31, 2021, after a major storm damaged the roof of a

ASIC alleges