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MLC Insurance fails more than 260,000 customers, with loses worth $17.5 million, regulator claims – ABC News
The Australian Securities and Investments Commission is alleging in court that MLC Life Insurance has been mishandling insurance…
Australia’s corporate regulator is alleging MLC Life Insurance has financially harmed more than 260,000 customers who did not receive benefits amounting to $17.5 million by failing to deliver basic insurance services for more than 20 years.
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