IAG insurance australia group limited
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News: IAG Australia's ASIC Says Allege IAG Misled Home Insurance Customers On Pricing Discounts

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    25/08/23
    07:50
    Post #: 69539227

    Aug 25 (Reuters) - Australian Securities & Investments Commission:

    • ASIC ALLEGES IAG MISLED HOME INSURANCE CUSTOMERS ON PRICING DISCOUNTS
    • BETWEEN JAN 2017 TO DEC 2022, IAL AND IMA RENEWED OVER ONE MILLION HOME INSURANCE POLICIES
    • ALLEGES LOYALTY DISCOUNTS ENCOURAGING CUSTOMERS TO RENEW THEIR HOME INSURANCE POLICIES WERE MISLEADING
    • ALLEGE IAG SUBSIDIARIES, IAL AND IMA, MISLED CUSTOMERS ABOUT EXTENT OF DISCOUNTS THEY WOULD RECEIVE
    • SEEKING DECLARATIONS OF CONTRAVENTION, PECUNIARY PENALTIES AND ADVERSE PUBLICITY ORDERS AGAINST IAL AND IMA FROM COURT

    (([email protected];))

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