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AAP

National

Sam McKeith

Allianz fined millions over misleading travel insurance

Allianz Insurance AWP ASIC

Allianz Australia has been fined $13.5 million over misleading travel insurance policy benefits. (Joel Carrett/AAP PHOTOS)

Insurance giant Allianz Australia has been handed a multimillion-dollar fine for criminally misleading the public about the maximum travel policy benefits available to customers.

Allianz and travel insurance expert AWP Australia pleaded guilty in June 2022 to charges linked to misrepresenting the nature of travel insurance for customers between 2016 and 2018.

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