Southern Cross Travel discovers 20-year discounting error

Southern Cross Travel discovers 20-year discounting error
Those extra dollars can go towards another travel experience. (Image: BusinessDesk)
Paul McBeth
Southern Cross Travel Insurance is refunding almost $7 million to customers who didn’t receive a discount on policies dating back to 2001.Last year, the travel insurance arm of the country’s biggest health insurer discovered some customers didn’t receive the discount they were entitled to, and it’s been contacting clients to refund them.The group flagged the issue in its annual report for the June 2023 year, saying it was well down the track of putting the issue right as it refunded affected customers and made changes to...

More Finance

Unscrambling EGS investment in Trump's world
Finance

David Chaplin: Unscrambling EGS investment in Trump's world

The US rush from ESG investments labels is well under way.

David Chaplin 05 Feb 2025
Forsyth Barr on Spark's 'incumbent's dilemma'
Finance

Forsyth Barr on Spark's 'incumbent's dilemma'

Falling market share and margins in the broadband market look entrenched.

Pattrick Smellie 05 Feb 2025
Coal and gold added to critical minerals list
Finance

Coal and gold added to critical minerals list

Banks and insurance companies threatened with regulatory retaliation if they block mining.

Ian Llewellyn 31 Jan 2025
Powell says US Fed in no hurry to cut rates after pause
Finance

Powell says US Fed in no hurry to cut rates after pause

The decision follows three consecutive rate reductions.