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11 Apr 2025 12:09
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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

    4 April 2025
    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
     11 Apr: Maritime New Zealand is satisfied emissions coming from a cruise ship berthed in Christchurch's Lyttelton, are compliant
     10 Apr: Donald Trump pauses most 'reciprocal' tariffs but hikes China rate to 125pc
     10 Apr: A range of cups sold at Kmart are being recalled, due to the 'risk of serious injury'
     10 Apr: The NZX 50 has risen 3.25 percent in the first five minutes of trade, following rallies on US markets
     10 Apr: The Reserve Bank's being commended for its wait-and-see approach to global trade developments
     09 Apr: Uncertainty about what's next, after today's OCR cut
     09 Apr: Pak'nSave North Island has come out on top - in an international grocery-price comparison of four sellers
     Top Stories

    RUGBY RUGBY
    Moana Pasifika coach Tana Umaga is applauding World Rugby's decision to protect a team's right to employ a 7-1 bench split More...

    BUSINESS BUSINESS
    Maritime New Zealand is satisfied emissions coming from a cruise ship berthed in Christchurch's Lyttelton, are compliant More...


     Today's News

    		 Law and Order:
    Police have arrested a 30-year-old man accused of trying to break into a police station in the Eastern Bay of Plenty this morning 11:57

     Golf:
    Englishman Justin Rose has opened up a three-stroke lead after the first round of the Masters 11:47

     Entertainment:
    Brittany Cartwright and Jax Taylor's son Cruz Cauchi has autism 11:44

     International:
    Monash IVF bungle that saw woman give birth to stranger's baby may set legal precedent 11:27

     Entertainment:
    Bill Gates' kids will inherit "less than one per cent" of his fortune because he doesn't want to create a family "dynasty" 11:14

     Politics:
    A boost for Pacific Islanders visiting New Zealand 11:07

     Law and Order:
    A man who's admitted murdering pensioner Frances Phelps, known as Faye, at her Christchurch home last year, can now be identified as being a mental health patient 10:47

     Entertainment:
    Arden Cho has got engaged 10:44

     National:
    This chart explains why Trump backflipped on tariffs. The economic damage would have been huge 10:27

     Health & Safety:
    An Australian woman has given birth to a stranger's baby after an IVF mix up 10:27

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