Fines, Legal, Motor, Non-life, Op Risk, Property, Regulatory, Risk

New Zealand’s Vero penalised record NZ$3.9m (US$2.31m) for discount failures

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

Editorial team

October 12, 2023

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3 min read

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September