Aussie insurer gets in trouble and more
P&C insurer Youi has been fined $320,000 due to clever-slash-misleading sales techniques. Imagine telling customers payment intel is required in order to obtain an insurance quote. Then imagine customers paying for coverage they didn’t explicitly purchase. Recall: last year Youi has gotten in trouble with the Ad Standards Board over a TV ad that featured a driver taking his eyes off the road. Bottom Line: sensing a pattern. Moving on. Last month the insurer introduced its YouiRewards program, which offers policyholders half of their premium back in the form of YouiDollars. What’s not to like?
Youi. They get you.