About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, August 4th, 8:47PM
rss
Latest Headlines

Date set for SX appeal

The Commerce Commission will argue its case against Southern Cross keeping 40,000 Aetna Health insurance policies in September.

Wednesday, May 23rd 2001, 7:36AM
The Commerce Commission's appeal against Southern Cross Healthcare retaining Atena Health's insurance policies will be heard in September.

Originally the commission ordered Southern Cross to sell all the policies as a condition of approving its third application to acquire Aetna.

However, the High Court reversed that ruling in a decision earlier this year.

The commission is appealing that decision which allows Southern Cross to keep hold of 40,000 health policies written by Aetna. The polices are worth about $70 million.

The commission originally argued that Southern Cross would have a dominant market position if it kept the policies. However, the court ruled otherwise, saying the barriers to entry in the market were low and there was plenty of competition.

« Fidelity's new long term care policyGreater emphasis needed on trauma cover »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Strategy Thoughts
News Bites
Latest Comments
  • Attitudes to advice cost must change
    “I am delighted to read a paper that is pro-advice and recognises the vital role that good financial advice does play in society....”
    22 hours ago by Dirty Harry
  • Attitudes to advice cost must change
    “The challenge for the industry is to outline & justify what value they're adding, in exchange for payment. Unfortunately...”
    2 days ago by Pragmatic
  • Massey calls for Act overhaul
    “Completely agree with Tash, unfortunately common sense does not prevail and the last few years have been a complete waste...”
    3 days ago by Broker
  • Massey calls for Act overhaul
    “@tash if these "experts" understood or at least willing to listen to us, we will not be having this dialogue in the first...”
    4 days ago by w k
  • HSBC does it again
    “Apologies for the typo - the above should read "$1.020m for two years at 4.69%"...”
    4 days ago by Laurie
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com