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General Insurers under Spotlight

Thursday 8 March 2018



News Summary

The Australian Securities and Investments Commission (ASIC) will be reviewing surveillance and fraud investigative methods used by general insurers.

The regulator will host a workshop which will include consumer and industry representatives to determine whether claims were investigated appropriately, and whether consumers to withdraw valid claims.

"We certainly recognised the need for insurers to confirm the facts of a claim and ensure only valid claims are paid," the Australian Securities and Investments Commission acting Chief Peter Kell.


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