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3-2-2025
The General Insurance Code Governance Committee recently imposed a maximum $100,000 penalty on an unnamed insurer for significant claims and complaints handling failures.
While the committee acknowledged the insurer’s proactive response as a reason for maintaining its anonymity, its decision has sparked criticism from various industry stakeholders. Brokers, in particular, have expressed dissatisfaction, emphasizing the need for transparency to uphold consumer trust and accountability within the insurance sector.
Want to know why brokers are frustrated at the non-disclosure? 🔥 👉 Click here to dive in!
Curium would like to acknowledge the Traditional Owners of the land where we work and live – the Gadigal and Bidjigal peoples who traditionally occupied the Sydney coast. We pay our respects to Elders past and present. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.
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