ASIC secures $10 million in remuneration for Allianz travel insurance customers – ABC News

Australia’s corporate watchdog has secured $10 million in remediation payments to Allianz insurance customers who were allegedly misled on websites including Expedia.

• Allianz and AWP have paid out $10 million in remediation payments to 31,500 insurance customers
• ASIC’s acting chair says insurers need to make sure they don’t mislead consumers “into thinking they have cover for something when they don’t”
• ASIC says the remediation payments are not an admission by Allianz or AWP that they have breached…

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