High Court penalises AA Insurance $6m for misleading customers

High Court penalises AA Insurance $6m for misleading customers
FMA head of enforcement Margot Gatland says the judgment "sends a strong message to the industry". (Image: File)
Gregor Thompson
The High Court has ordered AA Insurance New Zealand to pay $6.175 million for misleading customers and failing to apply discounts. Justice Laura O’Gorman’s penalty judgment on Oct 3 followed proceedings brought by the Financial Markets Authority (FMA) in June 2023.The penalty relates to separate offences between 2005 and 2020 that were self-reported by AA Insurance (AAI) after an audit.FMCA breachesThe insurer failed to apply multi-policy and membership discounts, and guaranteed no-claims bonuses, affecting more than 380,000 el...

More Law & Regulation

Developer Profico Group in liquidation
Property

Developer Profico Group in liquidation

Profico Group developed in both Christchurch and Auckland.

Gregor Thompson 18 Sep 2025
TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Ian Llewellyn 18 Sep 2025
Govt's Online Casino Gambling Bill fumble
Law & Regulation

Martin Snedden: Govt's Online Casino Gambling Bill fumble

Still time to avoid this massive legislation error that comes at a cost to the community.

Martin Snedden 18 Sep 2025
Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

Pattrick Smellie 18 Sep 2025