Who is the largest insurance company in Australia & New Zealand?

On its website Insurance Australia Group (IAG) says it is the largest general insurance company in Australia and New Zealand and its best-known brands include NRMA and CGU. IAG's insurance profits sit at more than $800 million — a jump of almost 40 per cent in the last financial year.

Can IAG be sued for misleading home insurance customers?

"We believe that many of those people could be entitled to over $1,000 in compensation (each)," he said. IAG is also being sued by the corporate cop, ASIC, over allegations it misled home insurance customers about the loyalty discounts they received involving the same insurance brands. However, IAG denied the allegations and is defending the case.

Who are the insurance brands involved in the alleged misconduct?

The insurance brands involved in the alleged misconduct are the Royal Automobile Club of Victoria (RACV), the State Government Insurance Office (SGIO) in Western Australia, and the State Government Insurance Commission (SGIC) in South Australia.