Australia’s Corporate Regulator Sues MLC Life for Causing Financial Harm of $13M

Australia’s corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73 million) to over a quarter million customers by not paying benefits and charging premiums without notice. MLC is a part …

from News – Insurance Journal https://ift.tt/3HNoXZR