Cigna admits making error
An error discovered by Cigna has seen it pinged by the regulator who says this is a case about treating customers fairly.
Cigna Life has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority.
The case centres on how it communicated and charged customers for inflation increases to premiums and cover relating to 52,363 policies.
Cigna chief executive Gail Costa says this issue impacts some Cigna policies that were in-force before...MORE»
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