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ASIC accuses RACQ of misleading customers over insurance renewal notices in Federal Court action
The corporate watchdog has sued an insurer over sending out 570,000 renewal notices that it claimed did not properly compare new prices to earlier premiums. In a Federal Court filing, the Australian ...
-The Australian Securities and Investments Commission on Tuesday initiated Federal Court proceedings against RACQ Insurance, a unit of Insurance Australia Group, alleging the insurer misled thousands ...
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Insurer accused of misleading 570k Aussies
An insurance giant is facing Federal Court action after alleged misleading renewals that cost more than 570,000 customers up to 40 per cent more. ASIC alleges RACQ fooled thousands of customers ...
Earnings call IAG reported AUD 500M NPAT for 1H26, with a reported insurance margin of 13.5% and underlying margin of 15.1%. Despite severe weather and RACQ drag, FY26 insurance profit guidance of AUD ...
The Australian Securities and Investments Commission on Tuesday initiated Federal Court proceedings against RACQ Insurance, a unit of Insurance Australia Group , alleging the insurer misled thousands ...
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