Archive

Australian court exonerates Auto & General over policy terms

Regulator had litigated about requirements customers notify insurer of property changes

IAG pricing algorithm triggers litigation by governance regulator

Asic is alleging loyalty discounts were only applied after algorithm hiked some premiums

Algorithm lands IAG with A$40m Federal Court fine

System limited promised renewal discounts, Court finds

MLC Life and AMP Life fined A$28m for governance and conduct breaches

Australian insurer AMP levied dead policyholders for premiums

Asic litigates against Auto & General over home and contents policies

Asic sues RACQ over pricing discount failures

The Australian watchdog's chair Sarah Court says "pricing failures are an industry-wide issue"

Australian court fines Allianz over sales practices

Insurer will pay A$1.5m and court costs, for self-reported errors