Suncorp, Allianz to refund $62.8M to customers who bought insurance through car dealerships
The Australian Securities and Investments Commission (ASIC) on Wednesday 17 January said Allianz (Allianz Australia Insurance Limited) would refund $45.6 million to 68,000 customers for add-on insurance sold through car dealerships who bought the insurance between 2010 and November 2017. Suncorp would refund $17.2 million to 41,428 customers for insurance bought through car dealerships that provided little or no value to consumers.
For further information regarding Allianz, please refer to the ASIC Media Release 18-008MR
For further information regarding Suncorp, please refer to the ASIC Media Release 18-009MR