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flag IAG New Zealand faces a civil case for overcharging 269,000 customers $35M due to pricing errors.

flag The Financial Markets Authority (FMA) has filed a civil case against IAG New Zealand for alleged breaches in fair dealing, affecting about 269,000 customers who were overcharged approximately $35 million due to incorrect pricing and discount issues. flag IAG self-reported these issues and admitted liability, cooperating fully with the FMA. flag The case includes eight causes of action over 11 alleged breaches since April 2014, filed in the High Court in Auckland.

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