Podknife - Australian insurance premium increase unwound after complaint by Morning Report

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Australian insurance premium increase unwound after complaint

Podcast |: Morning Report
Publisher |: Radio New Zealand
Media Type |: audio
Podknife tags |: News & Politics,; New Zealand,; On The Radio
Categories Via RSS |: News
Publication Date |: Oct 23, 2024
Episode Duration |: 00:02:51

An Australian insurer has been told to unwind a jaw-dropping 60 percent premium hike after a customer raised a complaint. The Australian Financial Complaints Authority deemed the premium increase unjustified and unfair. In contrast, New Zealand's Insurance and Financial Ombudsman is not able to consider such cases. Consumer NZ insurance specialist Rebecca Styles spoke to Corin Dann.

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