APRA faces big lawsuit loss, says R&G
Rural & General Insurance Brokers, which is suing the Australian Prudential Regulation Authority (APRA) for defamation in the ACT Supreme Court, says the regulator “has so far failed to file a notice of appearance within the timeframe allowed”. The dispute arises from allegations made by APRA regarding the licence conditions under which insurer Rural & General International Insurance operates in Vanuatu.