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The Financial Markets Authority cautions two Southern Cross entities for neglecting to apply advertised discounts on insurance products, causing almost $600,000 in overcharged premiums
Business Scoop provides news and views on Business and Markets from New Zealand
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Forecast of 7.1 per cent premium rise for 940,000 members in the 2024 year.
Southern Cross Health Society says it will be increasing the price of health insurance, amid rising costs, increased claims and a need to increase its capital reserves.
Employers are facing increasing costs for covering worker absences as employees take more time off due to illness.