AAMI cops $43,200 fine for ‘misleading’ claims on ads

Insurer AAMI has been hit with a $43,200 fine from ASIC for making false or misleading statements in its advertisements for its home insurance offering.

The ads, which appear on the insurer’s website and on the radio, stated AAMI would “repair or rebuild the insured house, no matter the cost to AAMI”.

AAMI’s Ketut and Rhonda

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