Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
IAG brand AMI insurance is warning customers of a phone scam where a cold caller purports to be from AMI.
It says the caller says they are from “AMI Investments” but that company it is not linked to AMI Insurance in any way. AMI does not provide investment services.
When probed, the caller has said the company was “Australia Marketing Investments”, “AMI Australia” or “Australian or Australasian Mutual Investments”.
IAG head of corporate affairs Craig Dowling says the scam is similar to one in 2010 where callers claiming to be from AMI asked for sums between $10,000-25,000, claiming they would receive interest at 13%.
He says as AMI does not know who the callers are, or where they are based, there is not much for the company to do but notify Consumer Affair’s Scam Watch service.
In 2010, AMI didn't found out who the callers were but the phone calls died down.