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9 Dec 2025 20:53
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      Home > News > Business

    Tower Insurance must pay a 7 million dollar penalty for overcharging customers

    Tower Insurance must pay a 7 million dollar penalty for overcharging customers


    It relates to its multi-policy discount, miscalculated for more than 60 thousand clients.

    The Financial Markets Authority says it overcharged by more than 11 million dollars.

    Tower has carried out remediation and repaid the money.

    © 2025 Newstalk ZB, NZCity

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