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AAP

Derek Rose

Regulator sues QBE over broken discounting promise

QBE ASIC The Australian Securities and Investments Commission Sarah Court Insurance

QBE is facing civil action after failing to deliver on promised insurance discounts. (Luis Enrique Ascui/AAP PHOTOS)

QBE has apologised again for failing to deliver on price promises made to customers between 2017 and 2022 after being taken to court by the securities regulator.

The Australian Securities and Investments Commission launched civil proceedings in Federal Court against the insurance company on Wednesday.

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