IAG insurance australia group limited

News: IAG Insurance Australia Group unit fined A$40 mln over pricing discount failures

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    June 30 (Reuters) - A unit of Insurance Australia Group Ltd (IAG) has been fined A$40 million ($26.51 million) by the federal court for failing to deliver discount promises made to customers who held National Roads and Motorists' Association (NRMA) branded insurance policies, Australia's corporate regulator said on Friday.

    ($1 = 1.5090 Australian dollars)

 
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