Allianz Australia Unit Misled Travel Insurance Clients: Watchdog -Reuters
September 17 2018 - 6:03AM
Dow Jones News
--An Allianz unit in Australia is being investigated by the
country's Royal Commission after an inquiry heard that the German
insurer reportedly mislead clients by promising limitless emergency
medical coverage, Reuters reports.
--According to Reuters, the inquiry heard that Allianz's website
led customers to believe it offered unlimited emergency medical
cover, when in fact its policies had a $715 cap and location
restrictions.
--The policies in question had been offered on the company's
website since December 2015 and were only removed this year,
despite concerns raised by the company's lawyers, Reuters said.
Full story: reut.rs/2QCZuaT
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(END) Dow Jones Newswires
September 17, 2018 06:48 ET (10:48 GMT)
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