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Insurance Australia agrees to $40M penalty in ‘very serious’ case over unpaid discounts
ASIC 2023-05-11 4:57 pmBy Cindy Cameronne | Sydney
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Insurance Australia has agreed to pay a $40 million penalty in a case by the Australian Securities and Investments Commission alleging it short-changed NRMA customers a staggering $60 million in promised loyalty discounts. 

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