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Insurance giant Allianz charged over ‘misleading’ advertising – Sydney Morning Herald

Insurance giant Allianz has been charged with seven criminal offences for travel insurance ads the corporate watchdog claims were false or misleading.

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Insurance giant Allianz has been charged with seven criminal offences for travel insurance ads that the corporate watchdog claim were false or misleading.
The Australians Securities and Investments Commission alleges that between 2016 and 2018 Allianz and its distributor AWP published information online that misrepresented the level of coverage of their travel insurance.
Allianz Centre in Sydneys CBD.Credit:Nicholas Rugg
ASIC has referred the allegations, which carry multimillion-dollar fines, to…

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