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Shayne wants to name and shame

Shayne Neumann said the recommendations would snap insurers into gear.
Shayne Neumann said the recommendations would snap insurers into gear. Rob Williams

INSURANCE companies that fail to deliver for their customers will be named, shamed and sanctioned as a result of flood inquiry recommendations tabled in federal parliament.

The government has six months to respond to the hard-hitting recommendations of the House of Representatives standing committee on social policy and legal affairs.

The committee's inquiry was conducted in response to reports of large numbers of disaster victims encountering extreme difficulties with their insurance claims.

Committee member Shayne Neumann, the Federal Member for Blair, said the recommendations would snap insurers into gear.

"There are far reaching changes including empowering the Financial Ombudsman Service to name and shame offending insurance companies," he said.

Topics:  federal parliament flood inquiry insurance companies queensland floods



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