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14 Jan 2026 18:01
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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.

    © 2026 Newstalk ZB, NZCity

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     13 Jan: Concern persistent tough economic conditions are impacting young people's employment opportunities
     Top Stories

    RUGBY RUGBY
    An unhappy All Blacks camp has been painted following the review into last year's end of season review More...

    BUSINESS BUSINESS
    New home building consents were significantly higher last year than the year before More...


     Today's News

    		 Entertainment:
    Chad Michael Murray was relieved to be "humbled a bit" following the peak of his fame during the 2000s 17:53

     Rugby:
    An unhappy All Blacks camp has been painted following the review into last year's end of season review 17:47

     Law and Order:
    Four people have been arrested in a week-long operation around a Christchurch gang funeral - as members began arriving last Thursday, and dispersed yesterday 17:27

     Entertainment:
    Kate Beckinsale has paid an emotional tribute to her stepfather Roy Battersby on the second anniversary of his death 17:23

     Business:
    New home building consents were significantly higher last year than the year before 16:57

     Entertainment:
    Fran Drescher has hailed her "delightful" Marty Supreme co-star Timothee Chalamet 16:53

     Politics:
    No criminal offending's been identified, after complaints of unacceptable behaviour by a Disability Support Services worker - in the aftermath of a Christmas function 16:47

     Entertainment:
    Bob Weir has died 16:23

     National:
    The use of military force in Iran could backfire for Washington 16:07

     Entertainment:
    Kelly Clarkson has shared an update on how her children are coping following the death of their father 15:53

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