IAG penalised $19.5m for overcharging customers $35m
The country’s largest insurer overcharged about 269,000 customers between September 2021 and December 2024.
IAG chief executive Amanda Whiting.
NBR Staff
Mon, 06 Oct 2025
The country’s largest insurer, IAG, has been penalised $19.5 million by the High Court after failing to correctly price the premiums charged to customers and by failing to correctly apply important discounts.
IAG is the largest general insurance company in New Zealand, with brands AMI, State, NZI,
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NBR Staff
Mon, 06 Oct 2025
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IAG penalised $19.5m for overcharging customers $35m
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