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Allianz units fined $1.5M for misleading insurance sales on Expedia
Allianz Australia and its travel insurance unit AWP Australia have been hit with $1.5 million in penalties in ASIC’s case alleging the insurance companies misled customers while selling travel insurance on Expedia websites.
ASIC wants Allianz to pay $1.5M penalty for travel insurance sold on Expedia
ASIC is seeking $1.5 million in penalties against insurers Allianz and AWP after they admitted to misleading or deceiving the public by selling travel insurance to ineligible customers through three Expedia-owned websites.