The poor Aussie consumers are not OK as the Government regulators led by the embattled PM do not have a clue how to regulate Insurance. They are fighting IAG abut do not appear to have any clue on how to fight Suncorp and QBE.
Given the regulatory situation, the pending QBE dividend of 14 cents might be the last for a while, maybe?
Why the Government regulators chose IAG and not QBE needs investigation?
I suspect QBE’s turn in the regulatory spotlight will come sooner rather later whenever someone points out to the Government that it has not understood it’s abacus and needs to stop the poor behaviors, the price gouging and anti trust behaviors.
They need to do far more than just IAG, my bet is that SUN, QBE, SDF and the banks are next line for some huge fines and heavy penalties.
short $$, page-92
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