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News: QBE Australia's ASIC Calls On Insurers To Improve Claims Handling Practices

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    March 6 (Reuters) - Insurance Australia Group Ltd (IAG) :

    • ASIC LETTER CALLS ON INSURERS TO IMPROVE CLAIMS HANDLING PRACTICES
    • ISSUED LETTER REMINDING GENERAL INSURERS OF OBLIGATIONS AS AUSTRALIAN FINANCIAL SERVICES LICENSEES WHEN HANDLING INSURANCE CLAIMS
    • ISSUED LETTER REMINDING OBLIGATIONS WHEN HANDLING INSURANCE CLAIMS, ESPECIALLY IN RESPONSE TO SEVERE WEATHER EVENTS
    • EXPECTS TO SEE A BETTER RESPONSE BY INSURANCE INDUSTRY TO EVENTS THAT OCCURRED DURING THIS SUMMER
    • INSURERS MUST ADHERE TO THEIR OBLIGATIONS WHEN RESPONDING TO SEVERE WEATHER CLAIMS
    • EXPECTS MORE FOCUS BY INSURERS ON RESOLVING ANY OUTSTANDING CLAIMS RELATED TO FLOOD EVENTS THAT OCCURRED IN 2022

    (([email protected];))

 
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