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RPT-Australian bank boss says insurer got it wrong on heart attacks

2016-04-11 00:56:09| Automakers - Topix.net

The head of Australia's largest bank said its insurance business, CommInsure, had used an outdated and discredited definition of a heart attack to deny some claims from clients and he would apologise to any customers adversely affected. "I am saddened and disappointed by the handling of these cases," Ian Narev, chief executive officer of the Commonwealth Bank of Australia, said in a statement on Saturday.

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