Tower
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
29th Nov 16, 9:51am
47
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
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
15th Nov 16, 12:51pm
5
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
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
19th Oct 16, 10:29am
39
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
Commerce Commission investigates Tower as the insurer refunds 23,000 customers after incorrectly calculating their multi-policy discounts
29th Sep 16, 12:53pm
2
Commerce Commission investigates Tower as the insurer refunds 23,000 customers after incorrectly calculating their multi-policy discounts
Jenée Tibshraeny on the Singapore sling, a challenge for Paul Goldsmith, house flipping, a possible future PM, Indian students and more
23rd Sep 16, 12:58pm
15
Jenée Tibshraeny on the Singapore sling, a challenge for Paul Goldsmith, house flipping, a possible future PM, Indian students and more
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
14th Sep 16, 11:47am
5
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
Cameron Preston weighs up how the government, insurance companies and homeowners have fared in the Canterbury rebuild boxing ring
12th Sep 16, 5:02am
2
Cameron Preston weighs up how the government, insurance companies and homeowners have fared in the Canterbury rebuild boxing ring
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
8th Sep 16, 11:51am
7
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
Christchurch architect takes Tower to court over offer to winch four-storey earthquake-damaged house uphill, rather than pay $2m to rebuild it
1st Sep 16, 7:47am
6
Christchurch architect takes Tower to court over offer to winch four-storey earthquake-damaged house uphill, rather than pay $2m to rebuild it
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
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
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
5th Aug 16, 3:29pm
6
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
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
26th Jul 16, 9:48am
5
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
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
19th Jul 16, 9:43am
16
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
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
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
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
25th May 16, 10:24am
39
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
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
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
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
10th Feb 16, 11:07am
8
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
NZ's 2nd largest health insurer ups its game by gunning for health conscious employers; new initiative follows 4 major partnerships & acquisitions this year
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
Tower suffers $7m loss as it increases its Canterbury quakes provisions by $53m; Business grows otherwise with underlying profit up 30%
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%
A look into how your Facebook friends, credit record, spending patterns, driving habits and medical record could determine what you pay for insurance
4th Sep 15, 1:36pm
2
A look into how your Facebook friends, credit record, spending patterns, driving habits and medical record could determine what you pay for insurance
Cameron Preston reflects on how Cantabs are getting used to living in the aftermath of the quakes, but aren't giving up their battles with their insurers
15th Jul 15, 9:34am
3
Cameron Preston reflects on how Cantabs are getting used to living in the aftermath of the quakes, but aren't giving up their battles with their insurers
Higher premium prices and lower claim payouts fail to cover Tower for Canterbury quake claims cost blowout
26th May 15, 3:11pm
8
Higher premium prices and lower claim payouts fail to cover Tower for Canterbury quake claims cost blowout
Insurers turn from reinsurers to customers & shareholders to plug holes in their post Christchurch earthquakes safety net
6th May 15, 9:44am
1
Insurers turn from reinsurers to customers & shareholders to plug holes in their post Christchurch earthquakes safety net
Tower puts an extra $20m+ aside for Canterbury quake-related claims, as it struggles to keep up with the increasing cost of the rebuild
1st May 15, 2:28pm
5
Tower puts an extra $20m+ aside for Canterbury quake-related claims, as it struggles to keep up with the increasing cost of the rebuild
Review of Canterbury provisions sparks Tower share trading halt
29th Apr 15, 1:07pm
Review of Canterbury provisions sparks Tower share trading halt