US EditionPublished • loading... • Updated
Tower Insurance fined $7 million for misleading customers
Tower Insurance overcharged about 61,000 policyholders by failing to apply multi-policy discounts for over 10 years and repaid more than $11.7 million, the Financial Markets Authority said.
Summary by NZ Herald
3 Articles
3 Articles
Tower Insurance fined $7m after overcharging for a decade
Tower Insurance has been fined $7 million for more than a decade of overcharging customers. Photo: RNZ Insurance company Tower has become the latest financial services company to suffer a multi-million dollar penalty for misleading tens of thousands of customers and financially costing them.
·Otago, New Zealand
Read Full Article
Coverage Details
Total News Sources3
Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
