A 26-year-old casual employee brought the case forward after he claims he was hoodwinked into purchasing more than $3000 in unnecessary Allianz insurance products in 2015.Allianz has found itself in hot water over a legal dispute involving car insurance add-ons. Picture: iStockThe class action alleges thousands of motorists who arranged finance through car dealerships were upsold several types of worthless Allianz insurance to shamelessly boost profits.
“Many of these insurance products were unduly expensive and offered no value to customers,” Mr Watson said.A 26-year-old was allegedly hoodwinked into purchasing more than $3000 in Allianz insurance. Picture: iStock“The exploitation was compounded when these policies were paid for by the same high interest rate loans that the dealers arranged to finance the purchase of cars.”
The class action alleges Allianz trained car dealers to promote and sell the add-on insurance products and paid them lucrative commissions.Source:istock
Source: Insurance Report (insurancereport.net)
Still useless after all these years!