Fines, Life and Health, Motor, News, Non-life, Regulatory

IAL fined AU$40m (US$26.6m) in a landmark ruling for pricing violations

The Australia Federal Court court ruling is the largest penalty ever imposed on an insurer for violations of financial services consumer protection laws.

Editorial team

June 30, 2023

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2 min read

The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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IAL fined AU$40m (US$26.6m) in a landmark ruling for pricing violations