
Insurance
FMA pings another insurer for overcharging

Thursday 1st of June 2023
The company self-reported that it had failed to apply the correct inflation adjustments on its customer policies, failed to apply multi-policy discounts and no claims bonuses, and underpaid life and disability claims to eligible clients.
The FMA alleges MAS’s failures were due to errors and deficiencies in its systems, including data entry errors by MAS employees.
The alle...
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