Tag: fined
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Insurance coverage suppliers fined $13.5m for misrepresentations
Stay Three insurance coverage suppliers have been fined $13.5 million after a court docket discovered they wrongfully bought protection to prospects together with Indigenous individuals in distant communities. English wasn’t the primary language of some prospects who didn’t totally perceive merchandise being bought to them – or that they’d even been bought insurance coverage within…
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Insurance coverage big IAG fined $40m for dudding NRMA prospects out of reductions and bonuses
Australia’s largest insurance coverage firm has been hit with the largest-ever penalty imposed by the courts towards an insurer for failing to present promised reductions to NRMA prospects. The Federal Courtroom has ordered Insurance coverage Australia Restricted (IAL) to pay $40 million after discovering the corporate, wholly owned by ASX-listed Insurance coverage Australia Group (IAG),…
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Commonwealth Financial institution fined $3.5m for breaching spam legal guidelines
Stay The communications watchdog has hit the Commonwealth Financial institution with the most important superb imposed by the physique for breaching spam legal guidelines. The financial institution was fined $3.55 million by the Australian Communications and Media Authority for sending out greater than 65 million spam emails to its prospects. An investigation by the authority…