The Australian Securities and Investment Commission (ASIC)Allianz Group(Allianz) the branch filed a civil action because the latterExpedia (EXPE.US)Mislead consumers when selling travel insurance products on the website.

ASIC said two Allianz companies did not disclose how travel insurance premiums were calculated and sold to unqualified customers between February 2015 and September 2018 and would seek fines from the two companies. (mn/k) (the quotation will be delayed by at least 15 minutes.)

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