Corporate regulator ASIC has sued insurer RACQ for sending more than 500,000 renewal notices that it claims were false and misleading. The period cited in the lawsuit runs from September 2019 to ...

ASIC alleges RACQ fooled thousands of customers through misleading price comparison for more than five years, by making it appear as though it was a small jump in premiums. The corporate watchdog said ...

RACQ's chief executive has apologised at the organisation's annual general meeting for problems with insurance renewal notices. The organisation was hit with a Federal Court lawsuit from the ...

Sept 23 - The Australian Securities and Investments Commission on Tuesday initiated Federal Court proceedings against RACQ Insurance, a unit of Insurance Australia Group (IAG.AX), opens new tab, ...

The corporate regulator is suing the Royal Automobile Club of Queensland for allegedly misstating premiums on hundreds of thousands of insurance renewal notices to make the price rises for the next ...

One case allegedly saw RACQ hiking up a customer’s premiums by 40%, said ASIC. RACQ Insurance Limited is accused of sending over 570,000 renewal documents to customers containing false or misleading ...

The corporate watchdog has sued an insurer over sending out 570,000 renewal notices that it claimed did not properly compare new prices to earlier premiums. In a Federal Court filing, the Australian ...