Brokers have alleged that the not-for-profit organisation unfairly presses for and pursues complaints against them.
Brokers are demanding action on who can sell insurance after Woolworths was censured by ASIC for misleading consumers.
The chain store boasted that its car insurance product could save customers $240 but failed to clearly state the savings are based on purchasing a policy with a lower agreed value.
An insurance company boss has broken his silence on the legal and financial repercussions of a $1m employee fraud.
In the second part of Koert Slik’s exclusive interview with Insurance Business, the consultant takes us through the repercussions of the liquidation.
When Koert Slik was asked to help All Class Insurance Brokers set up a new distribution model, nothing could have prepared him for what he was about to discover. Koert breaks his silence in an exclusive interview with Insurance Business.
A Victorian fraudster, who swindled more than $1m by submitting false claims, used some of the money to prop up his café business in Collingwood.
ASIC says the shamed MD “is not competent to provide financial services”.
A major insurer has made a series of changes to its compliance program following a number of breaches regarding discounts and policy upgrades, which required customer refunds of $23m.
In response to concerns over how it promoted funeral insurance, an insurer has implemented a string of changes.