General insurers on notice over low-ball flood settlement offers
Consumer advocates say insurance companies are ripping off vulnerable customers with low-ball cash settlements to fund repairs on flood-damaged homes, and regulators and governments are taking notice with the latter backing changes to the industry code of conduct to boost protections against the practice.
Thousands of households in NSW and Queensland are still cleaning up after the devastating floods in April and May. 'We hear appalling stories about insurers pushing cash settlements onto customers who are clearly vulnerable,' says Financial Rights Legal Centre senior policy and advocacy officer, Drew MacRae.
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News.com.au
an hour ago
- News.com.au
Kanye shocks with another unexpected name change
Kanye West has changed his name for the second time in recent years, according to new legal documents obtained by The U.S. Sun The disgraced Kanye, 48, officially changed his name to 'Ye' in 2021 after filing papers in Los Angeles court, but now has seemingly changed his mind again. On new business documents filed by his chief financial officer Hussain Lalani with the State of California, it states that his new name is now 'Ye Ye'. The double Ye is different from other papers which had been previously filed, as his official title was 'Ye West.' This has come to light when his core businesses filed a 'Statement of Information' with California's Secretary of State, which gives the most up-to-date details for a business such as the office address, officers, directors and the type of industry. One of his main firms, Ox Paha Inc, which has filed hundreds of trademarks on behalf of Ye, now calls him 'Ye Ye' on official documents. His clothing company Yeezy Apparel and music businesses, Yeezy Record Label LLC and Getting Out Our Dreams Inc, have also followed suit. He has yet to publicly announce his new name on social media. Meanwhile, as The U.S. Sun previously reported, Kanye's wife Bianca Censori recently filed papers to start her own business. She registered Bianca Censori Inc. last month in California, and also registered her full name as an Australian firm based in Alphington, a Melbourne suburb. New headquarters In the case of Ox Paha Inc, Yeezy Record Label LLC and Getting Out Our Dreams Inc, the business headquarters has changed from a church in Northridge, Los Angeles, which burnt down in October after being left vacant by Kanye. Their headquarters is now listed as the office building he purchased for $6.7 million in March 2023 on trendy Melrose Ave. The building was bought by his firm Ox Paha, according to records. It has also been left to rot in the last couple of years. In March, police were called when a swastika was painted on the side of the building in the aftermath of vile antisemitic comments he'd made on X, formerly known as Twitter. Kanye has been particularly prickly about being called his birth name recently – walking out on an interview with Piers Morgan because he dared to call him Kanye. He recently took to X to reiterate that his name is Ye seemingly after the altercation with the British TV presenter last month. Piers explained the incident on Instagram saying: 'I interviewed Kanye West again today. 'As I expected, given what I've said about him recently, it didn't last long or go well. 'This was him right before he stomped off like a big baby before I could ask him why he's become a vile, Hitler-loving, Nazi-slathering, anti-Semitic pr**k.' When a Ye fan site pointed out on X that 'Piers Morgan calling him 'Kanye West' is exactly why Ye left the interview,' Piers responded: 'His X account name is @kanyewest'. On June 1, Ye went onto X and fumed: 'Ima finally stop using the @kanyewest twitter cause my name is Ye … Gonna start a ye account and it is what it is.'
AU Financial Review
an hour ago
- AU Financial Review
First look inside Sydney's soon-to-open new airport
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets.
West Australian
an hour ago
- West Australian
Amazon promises to streamline purchases between businesses with new marketplace
Online retail giant Amazon has unveiled a new platform in Australia, promising to streamline purchases between businesses and offer savings as rising operating costs continue to be a headache. Amazon Business is an online marketplace tailored to organisations — like small businesses, sole traders, not-for-profits and major companies — to help with their business purchases. Its offerings include pricing and quantity discounts for bulk orders and Business Prime, which has similar shipping benefits to the Prime membership. Other features also include multi-user accounts, which enable teams to share payment and shipping addresses, as well as guided buying, allowing businesses to train staff on preferred products and suppliers. Amazon Business Australia country manager Lena Zak said the platform was a one-stop shop. 'I'm really excited about the ability for businesses to really get very valuable insights from moving their purchasing onto Amazon,' she said. 'Where businesses might go to multiple different stores, have receipts from multiple different stores and then at the end of the financial year have to spend a lot of time . . . consolidating their spending, understanding where their staff expenses are coming from — now all of that can really be simplified.' Amazon Business is already available in 10 countries, including the US, Canada, the UK, Italy and Japan. The launch on Wednesday comes as new YouGov research, commissioned by Amazon, revealed the cost of doing business had risen for 92 per cent of the nation's small and medium-sized firms over the past three years. It found rising operating costs were the biggest concern for nearly 80 per cent of small businesses, with higher cost of goods and products proving to be the biggest headache. Amazon said the launch came at a pivotal time for small businesses, with most stocking up on supplies as the end of the financial year approaches. The platform provides a wide range of products across categories like office, electronics and furniture. Ms Zak said Amazon Business could relieve some cost pressures by offering savings on everyday goods and supplies, as well as assist with the convenience and simplicity of its delivery service. 'We're trying to do for procurement what Amazon did for retail when we launched seven years ago,' she said. Amazon Business contributes about $35 billion in annualised gross sales to the group and has more than eight million customers worldwide, including 96 of the Fortune 100 in the US.
