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10 Dec 2025 5:06
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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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     Today's News

    		 Cricket:
    Wicketkeeper Mitchell Hay will make his test cricket debut today in the second match between New Zealand and the West Indies at Wellington 4:47

     Law and Order:
    The Public Transport Users Association says Police should be allocating officers to patrol buses - with a man due to appear in court today over two senseless attacks in East Auckland 4:37

     Politics:
    Six years of challenges, court hearings, and legal battles have paid off for two parents 4:37

     Health & Safety:
    Two Akaroa King Salmon products are being recalled - with fears they could contain Listeria 21:57

     Entertainment:
    Frank Sinatra was very well-endowed, according to Paul Anka 21:50

     Entertainment:
    Megan Thee Stallion has won a defamation case against blogger Milagro Gramz 21:20

     Business:
    Many aesthetic changes to buildings will no longer need consents - under the Government's Resource Management Act shake-up 21:17

     Entertainment:
    Sienna Miller is pregnant 20:50

     International:
    Trump laments he 'can't appoint anybody' as handpicked prosecutor Alina Habba quits unlawful tenure 20:27

     Entertainment:
    Michelle Monaghan no longer takes her heels off during movie scenes 20:20

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