(Adds details on lawsuit, background from paragraph 2)
May 28 (Reuters) - Insurance Australia Group (IAG) said on Tuesday that its units have been served a class action by law firm Slater and Gordon relating to the company's loyalty discounts.
The class action relates to allegations of an earlier lawsuit by Australia's corporate regulator last August against Insurance Australia Limited and Insurance Manufacturers of Australia.
The class action and the regulator's lawsuit both allege that IAG's units misled customers about loyalty discounts available for certain types of home insurance policies.
"IAL and IMA maintain they have delivered on loyalty promises made to customers and do not agree that they have misled customers about the extent of the discounts they would receive," the company said in a statement.
IAG said that the units intend to defend the lawsuit started by the Melbourne-based law firm.
Slater and Gordon did not immediately reply to Reuters' request for a comment.
News: IAG UPDATE 1-Insurance Australia Group served class action over loyalty discounts
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