Zurich Hit with $37,560 ASIC Penalty - Financial Newswire

ASIC Issues Infringement Notices to Zurich

ASIC has issued two infringement notices totalling $37,560 to Zurich Australia after it self-reported incorrectly declining two insurance claims. Zurich discovered its mistake during a quality assurance review, told ASIC, and paid the benefit entitlements with interest. The firm paid the infringement notices on 8 May 2025. The declined claims issue dates back to May […]

Zurich hit with $37,560 ASIC penalty - Financial Newswire

Major insurer Zurich has been hit with two infringement notices totalling $37,560 for allegedly making false and misleading statements to two policy-holders regarding their entitlement to benefit payments. The Australian Securities and Investments Commission (ASIC) said that in May 2024 Zurich declined two trauma insurance claims advising the policyholders that their particular medical conditions were excluded, and no benefit was payable. ASIC a…

The Stadtzürcher FDP urges that football clubs be taken into the obligation for the mischief of their fans.