Southern Cross pays $1.1m for making misleading statements

(Image: Getty)

Thu, 31 Jul 2025

Southern Cross Travel Insurance has admitted making misleading statements and has paid $1.105 million to the Crown.Southern Cross Benefits – which trades as Southern Cross Insurance – acknowledged liability for breaches of fair dealing laws after an investigation by the Financial Markets Authority (FMA).The payment is in lieu of a pecuniary penalty.The contraventions were related to misleading representations made when offering discounts to potential customers.Customers were told that discounts would be applied to their entire premi...

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