Tower overcharged and misled over multi-policy discounts: FMA
Civil proceedings filed against listed insurer, which apologises ‘unreservedly’ for the mistakes.
Tower chair Michael Stiassny.
Tower Insurance is in the spotlight of the Financial Markets Authority for alleged misleading behaviour and overcharging thousands of customers.
Civil proceedings have been filed in the High Court against the listed insurer for failing to apply multi-policy discounts to customers’ premiums,
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