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5 Apr 2025 7:24
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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
     04 Apr: Economists are still expecting a drop in interest rates - despite strong headwinds in the global trade environment
     04 Apr: What Donald Trump's tariffs could mean for Australian exports
     04 Apr: An Auckland woman has been sentenced to 12 months home detention for tax offences involving more than half a million dollars
     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
    The Auckland Tuatara have picked up their first win of the New Zealand Basketball League season, beating the Southland Sharks 102-92 in Invercargill More...

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


     Today's News

    		 Entertainment:
    Adam Devine was told last year he was "dying" 7:18

     Motoring:
    An environmental hazard has disrupted practice two at Formula 1's Japanese Grand Prix 7:16

     Basketball:
    The Auckland Tuatara have picked up their first win of the New Zealand Basketball League season, beating the Southland Sharks 102-92 in Invercargill 7:16

     Environment:
    United Nations accuses Myanmar military of breaching its own ceasefire and restricting aid after earthquake 7:06

     Entertainment:
    Apple Martin has been "very anxious about making mistakes" because of the scrutiny she's faced throughout her life 6:48

     Rugby League:
    More misery for the Penrith Panthers to begin the NRL season, after a 22-18 loss to the North Queensland Cowboys in Sydney 6:46

     Entertainment:
    Geri Horner doesn't like being on WhatsApp groups 6:18

     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

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