Tag: insurance
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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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‘Past disappointing’: Thousands and thousands of Australians have been overcharged $815 million for insurance coverage
Thousands and thousands of Australians have been overcharged for insurance coverage and are due greater than $800 million in repayments after the company watchdog uncovered a raft of dodgy pricing at large corporations. A report revealed by the Australian Securities and Investments Fee on Friday ran the ruler over pricing failures in additional than 6.5…
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‘Large payments’: Motorists pay tons of an excessive amount of for automotive insurance coverage as premiums skyrocket
Australians might be paying tons of of {dollars} an excessive amount of for automotive insurance coverage, as new figures reveal common premiums rose 18 per cent over the previous yr. Canstar evaluation revealed on Wednesday confirmed complete automotive insurance coverage prices elevated by $274 in simply 12 months, with these in New South Wales paying…
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Australians urged to overview medical health insurance amid premium hikes
Thousands and thousands of Australians are going through a hike of their medical health insurance premiums on Thursday as the massive gamers move via vital value will increase. Medibank and AHM prospects pays 2.96 per cent extra on common after the delayed premium rises come into impact on June 1, following a 3.1 per cent…