FMA files civil case after IAG admits misleading on pricing
The regulator says about 269,000 customers were affected, resulting in overcharges of about $35 million.
FMA head of enforcement Margot Gatland.
The Financial Markets Authority has filed a civil proceeding against insurer IAG for historic fair dealing breaches related to incorrect pricing.
IAG is the largest general insurance company in New Zealand, with brands AMI, State, NZI, NAC, Lumley, and Lantern. Its insurance products are sold by
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