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Jardine Lloyd accused of selling overpriced policies

Posted On: Sep. 5, 2019 6:41 AM CST


At least seven councils of the Australian state of Victoria have filed a class-action lawsuit against insurance broker Jardine Lloyd Thompson Group PLC, The Age reports. The councils allege that ratepayers across the state overpaid property insurance premiums by up to 50% following JLT's recommendation. The insurance broker recommended an insurance plan which benefited it financially, they said.

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