Wake Up Call: Insurers caught out

Insurers raised the ire of regulators (Image: Deposit Photos)

Thu, 22 Jul 2021

Summary New Zealand insurers are being made to repay what could be millions of dollars to customers for overcharging them. Meanwhile, the choice of Brisbane to host the 2032 Olympic Games will result in a tourism boost for NZ and pre-Game training and competition.Insurance repayment Insurance companies will potentially repay millions of dollars to customers after a review by the Financial Markets Authority revealed thousands had been overcharged. The review follows the FMA and the Reserve Bank of New Zealand’s close look at banks and life...

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