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5 Apr 2025 5:07
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      Home > News > Business

    Insurer IAG has apologised for mistakes in applying discounts

    Insurer IAG has apologised for mistakes in applying discounts


    The Financial Markets Authority has filed proceedings against the company for alleged breaches resulted in overcharging of about 35 million dollars.

    The alleged breaches were self reported by IAG.

    It affected more than than 250 thousand customers.

    IAG says it is fully cooperating with the investigation and working hard to make things right for customers.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     04 Apr: Fears from one analyst, the world has unlearned the lessons of the Great Depression
     03 Apr: Confirmation the ripple effects of declining interest rates - still haven't changed consumer habits
     03 Apr: New Zealanders have starting to have slightly more cash to spend, save or invest
     03 Apr: New Zealand's sharemarket is the first to open since Trump's announcement
     Top Stories

    RUGBY RUGBY
    Chiefs coach Clayton McMillan's preparing for a battle in the wet in a top-of-the-table Super Rugby clash with the Reds at Waikato Stadium tonight More...

    BUSINESS BUSINESS
    Economists are still expecting a drop in interest rates - despite strong headwinds in the global trade environment More...


     Today's News

    		 Rugby:
    Chiefs coach Clayton McMillan's preparing for a battle in the wet in a top-of-the-table Super Rugby clash with the Reds at Waikato Stadium tonight 21:57

     Entertainment:
    Kevin Bacon doesn't let fame affect him 21:48

     Entertainment:
    Mark Ronson's DJ set has led to him being hospitalised 21:18

     Law and Order:
    A man's been charged with assault - after an unidentified liquid was thrown at a Palmerston North parking warden last month 21:17

     International:
    What we know so far about the Australian superannuation fund cyber attacks 21:07

     Entertainment:
    Tarek El Moussa thinks Christina Haack will get married for a fourth time 20:48

     Entertainment:
    Richard E. Grant has used "blind faith" to get through difficult times 20:18

     Entertainment:
    Cher will "miss" her "pain in the a**" ex-boyfriend Val Kilmer 19:48

     Entertainment:
    Weston Cage has been granted a two-year mental health diversion programme by a judge 19:18

     Politics:
    National wants to get the Treaty Principles Bill over and done with 18:57

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