Federal Court Orders AU$1.2m (U$775k) penalty against funeral insurer for misrepresentation

ASIC had initiated legal proceedings against ACBF in October 2020, for misrepresenting funeral expense insurance to Aboriginal people.

Share

Federal court orders au 2m u5k penalty against funeral insurer for misrepresentation
Picture of Editorial team

Editorial team

THIS PREMIUM INSIGHT IS FOR SUBSCRIBERS ONLY.

Stay ahead with precise, independent journalism of APAC's insurance markets.

Unlocked access today:

Already subscribed? Log in using the form below or click here

Read next

rising-nat-cat-awareness-construction-projects-to-drive-japanese-property-insurance-recovery-in-2024-globaldata
asia-air-deals-rise-as-reinsurers-face-end-in-sight-for-us-and-uk-markets
asset-risk-higher-for-asia-pac-pampc-insurers-than-us-carriers
hong-kong-insurers-solvency-ratios-halve-under-rbc
emering-asias-middle-class-women-have-appetite-to-spend-more-on-insurance-peak-re-report
Cyber
global-reinsurers-nat-cat-budgets-under-threat-from-hurricane-milton
apac-reinsurance-takes-on-renewed-importance-following-fed-rate-cuts
asia-pac-hnws-offer-major-growth-for-insurers-swiss-re
indonesia-nonlife-market-shifts-up-a-gear-ahead-of-motor-insurance-mandate

Share this article