Viewing entries tagged with 'Canterbury'

Government won't bail TOWER

7 December 2016

Government confirms it has not been approached by Tower as the insurer seeks capital to ring-fence its quake-related business; Forsyth Barr expects Tower to sell 'RunOff Co'. More>

EQC Act review stalled by 'the complexity of the issues and ongoing engagement with insurance industry stakeholders'

28 October 2016

Six years on from the first Canterbury earthquake and the legislation outlining what both the Government and private insurers are responsible for in the event of another natural disaster is still up in the air.  More>

Tower in dangerously hot water

9 September 2016

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.  More>