Property News · October 12, 2016

Regulator finds 'significant shortcomings' in life insurance claims handling


Review of products shows ‘considerable variation’ in rate of rejected claims and those denied on technical or contractural grounds There are “significant shortcomings” in the handling of life insurance claims and a clear need for better reporting of claim outcomes, a review by the financial regulator has found.The Australian Securities and Investment Commission review of life insurance products, released on Wednesday, found “considerable variation” in the rate of rejected insurance claims and claims denied on technical or contractual grounds. Continue reading…

Source : theguardian.com
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