9 December 2025
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.

>> More Business News

Other Business News

12 Dec: Twenty-three staff at Health New Zealand earned more than a million dollars in the last financial year

12 Dec: New Zealand's dairy sector is expected to remain competitive - amid a surge in global supply

12 Dec: Kiwi consumers could finally see butter prices fall, thanks to increased global dairy production

12 Dec: Swings and roundabouts for the dairy sector - with prices set to weaken

12 Dec: Dairy farmers are being warned they'll be taking a cut in earnings, due to falling global dairy prices

11 Dec: Christchurch's Lyttelton Port Board has approved the 800-million-dollar Te Awaparahi Bay Investment Case expansion plan

11 Dec: Industry group Energy Resources Aotearoa's touting our energy sector's progress towards net-zero

Top Stories

RUGBY
Departing winger Sevu Reece has no doubt the Crusaders and All Blacks will thrive in his absence More...

BUSINESS
Twenty-three staff at Health New Zealand earned more than a million dollars in the last financial year More...

Today's News

Environment:
Scientists set up camp in middle of Antarctica to achieve a climate science first 11:14

Law and Order:
Two people are facing serious charges, after allegedly using Facebook Marketplace to kidnap and rob someone in Auckland last night 11:07

Entertainment:
Margot Robbie is determined to keep her young son out of the spotlight 10:50

Soccer:
Nottingham Forest have claimed a third Europa League victory this season, winning 2-1 away over Utrecht 10:47

National:
The United States CDC has abandoned science in its new advice about vaccines and autism 10:37

Law and Order:
The bus sector says violence on buses isn't rising, and Monday's fatal attack on an East Auckland bus is an extremely rare event 10:27

National:
King Gizzard & The Lizard Wizard quit Spotify in protest, only for an AI doppelgänger to step in 10:27

Entertainment:
Michael Buble claims people should begin "listening to Christmas music in June" 10:20

National:
AI’s errors may be impossible to eliminate – what that means for its use in health care 10:17

National:
The social media ban is just the start of Australia’s forthcoming restrictions – and teens have legitimate concerns 10:07

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