Regulators identify life insurance bad behaviour but refuse to name names
By Jenny Ruth Jan. 29 (BusinessDesk) - One New Zealand-based life insurer has been selling a life product to foreign customers, even though cover was only available to New Zealand residents. Another insurer incorrectly recorded customers’ dates of birth, due to manual error...
Life insurance industry slammed in regulators’ report
By Jenny Ruth Jan. 29 (BusinessDesk) - The life insurance industry is vulnerable to misconduct, is ignoring whether its products are suitable for customers and is too slow to make changes. That’s the conclusion of the joint report on the industry by the Financial Markets Au...
NZ dollar nudges higher as risk appetite returns
By Jenny Ruth Jan. 28 (BusinessDesk) - The New Zealand dollar nudged higher against all major currencies amid continuing relief that at least one of the bugbears bedevilling global markets, the US government shutdown, has been resolved. Trading was very quiet with much of t...
Scott Tech, Mt Cook Alpine Salmon in automated pin boning project
By Jenny Ruth Jan. 28 (BusinessDesk) - Scott Technology and Mt Cook Alpine Salmon have teamed up to automate the removal of pin bones from King salmon with backing of more than $500,000 from Seafood Innovations. Brent Keelty, Mt Cook’s processing operations manager, says th...
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