6th Dec 16, 5:02am
Insurance lawyer bites back at Tower chairman for slagging the litigation industry, he claims 'sprung up to agitate disenfranchised customers to demand not just fair resolution, but a windfall'
Insurance lawyer bites back at Tower chairman for slagging the litigation industry, he claims 'sprung up to agitate disenfranchised customers to demand not just fair resolution, but a windfall'
[Updated]
29th Nov 16, 9:51am
Tower announces plan to ring fence troublesome quake claims; says industry model is 'broken'; widens loss to $21.5 million; share price at record low
[Updated]
Tower announces plan to ring fence troublesome quake claims; says industry model is 'broken'; widens loss to $21.5 million; share price at record low
[Updated]
15th Nov 16, 12:51pm
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
[Updated]
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
19th Oct 16, 10:29am
QC urges High Court judge to put an end to insurers’ 'tactics of delay and dissembling facts' to force their clients to accept lower payouts
QC urges High Court judge to put an end to insurers’ 'tactics of delay and dissembling facts' to force their clients to accept lower payouts
[Updated]
29th Sep 16, 12:53pm
Commerce Commission investigates Tower as the insurer refunds 23,000 customers after incorrectly calculating their multi-policy discounts
[Updated]
Commerce Commission investigates Tower as the insurer refunds 23,000 customers after incorrectly calculating their multi-policy discounts
23rd Sep 16, 12:58pm
Jenée Tibshraeny on the Singapore sling, a challenge for Paul Goldsmith, house flipping, a possible future PM, Indian students and more
Jenée Tibshraeny on the Singapore sling, a challenge for Paul Goldsmith, house flipping, a possible future PM, Indian students and more
14th Sep 16, 11:47am
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
12th Sep 16, 5:02am
Cameron Preston weighs up how the government, insurance companies and homeowners have fared in the Canterbury rebuild boxing ring
Cameron Preston weighs up how the government, insurance companies and homeowners have fared in the Canterbury rebuild boxing ring
[Updated]
8th Sep 16, 11:51am
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
[Updated]
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
1st Sep 16, 7:47am
Christchurch architect takes Tower to court over offer to winch four-storey earthquake-damaged house uphill, rather than pay $2m to rebuild it
Christchurch architect takes Tower to court over offer to winch four-storey earthquake-damaged house uphill, rather than pay $2m to rebuild it
24th Aug 16, 4:09pm
NZ's 2nd largest health insurer, nib, struggles to maintain solid rate of policyholder growth after OnePath acquisition and signing Warehouse Money white labelling deal
NZ's 2nd largest health insurer, nib, struggles to maintain solid rate of policyholder growth after OnePath acquisition and signing Warehouse Money white labelling deal
5th Aug 16, 3:29pm
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
[Updated]
26th Jul 16, 9:48am
The Medical Insurance Society calls on cash from its parent, as it exhausts reinsurance cover for the February 2011 Canterbury earthquake, and is left to foot nearly a quarter of the bill on its own
[Updated]
The Medical Insurance Society calls on cash from its parent, as it exhausts reinsurance cover for the February 2011 Canterbury earthquake, and is left to foot nearly a quarter of the bill on its own
[Updated]
19th Jul 16, 9:43am
Tower's CFO resigns; Ratings agency red flags concerns over the company's 'financial profile deteriorating' as its reinsurance for the Feb 2011 Canterbury quake runs dry and it's left to fend for itself
[Updated]
Tower's CFO resigns; Ratings agency red flags concerns over the company's 'financial profile deteriorating' as its reinsurance for the Feb 2011 Canterbury quake runs dry and it's left to fend for itself
31st May 16, 3:53pm
An update on what's been going down in the insurance industry this week: Tower shareholders appear jittery; Suncorp launches Tinder-like app; Partners Life gets $200m boost; Delta extends level of cyber security cover available in NZ
An update on what's been going down in the insurance industry this week: Tower shareholders appear jittery; Suncorp launches Tinder-like app; Partners Life gets $200m boost; Delta extends level of cyber security cover available in NZ
25th May 16, 10:24am
Cam Preston argues insurers are running out of steam in the Canterbury rebuild/repair marathon, with AMI set to be the largest taxpayer bailout in NZ history
Cam Preston argues insurers are running out of steam in the Canterbury rebuild/repair marathon, with AMI set to be the largest taxpayer bailout in NZ history
[Updated]
24th May 16, 1:44pm
Tower receives 155 new Canterbury quake claims from EQC in six months to March; increases quake provisions by $2.9m; widens loss to $8.7m
[Updated]
Tower receives 155 new Canterbury quake claims from EQC in six months to March; increases quake provisions by $2.9m; widens loss to $8.7m
10th Feb 16, 11:07am
IAG trumps Vero in the comprehensive car insurance department, providing more up to date policies for less; study reveals how your car insurer may leave you hanging if you're liable for injuring someone in an accident
IAG trumps Vero in the comprehensive car insurance department, providing more up to date policies for less; study reveals how your car insurer may leave you hanging if you're liable for injuring someone in an accident
1st Dec 15, 10:57am
NZ's 2nd largest health insurer ups its game by gunning for health conscious employers; new initiative follows 4 major partnerships & acquisitions this year
NZ's 2nd largest health insurer ups its game by gunning for health conscious employers; new initiative follows 4 major partnerships & acquisitions this year
24th Nov 15, 12:41pm
Tower suffers $7m loss as it increases its Canterbury quakes provisions by $53m; Business grows otherwise with underlying profit up 30%
Tower suffers $7m loss as it increases its Canterbury quakes provisions by $53m; Business grows otherwise with underlying profit up 30%
