The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers
Bin was sentenced to death for taking bribes and concealing overseas deposits; a two-year reprieve commuted his sentence to life imprisonment without parole or sentence reduction.
The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
In June, the FSA instructed major Japanese insurers to investigate "cartel" behaviour over contracts supplied to railway operator Tokyu; the latest report suggests price fixing could be a more widespread...
The MAS banned Huang Mengting for five years after she was convicting in court for submitting 11 false invoices to assist her clients in accident injury claims.
