Steadfast Group announces review after Four Corners report alleged brokers hid cheaper quote from rival

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Steadfast Group announces review after Four Corners report alleged brokers hid cheaper quote from rival
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Major insurance brokerage says it will look into ‘inappropriate strata title insurance behaviours’ but denied brokers misled customers

The major insurance brokerage company and underwriter, which was featured prominently in the ABC’s Four Corners report on Monday, has denied wrongdoing, telling the ASX on Tuesday that it had already taken steps to improve transparency.

“We reject any suggestion that our businesses operate unethically and, in particular, that Steadfast improperly channels any business to its related entities,” Steadfast said. Four Corners focused part of its investigation on the opaque networks that could lead strata managers to act in the interest of corporate entities rather than the apartment owners they are meant to represent.

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