Tower counts cost of earthquakes

Audio, Radio New Zealand

Insurance company Tower says yesterday's earthquake in North Canterbury will cost it a maximum of just over seven million dollars.

Cost to build a home rises

Audio, Radio New Zealand

The cost of building a home in New Zealand's main cities has risen by 20 per cent since the Canterbury earthquakes.

Tower Insurance slips to bigger H1 loss on quake, IT, cost

Audio, Radio New Zealand

Listed general insurance company Tower has reported a bigger first half loss on lingering Canterbury earthquake claims and a write down in its computer systrems.

Midday News for 28 April 2016

Audio, Radio New Zealand

A legal settlement between the Earthquake Commission and a group of Canterbury homeowners over the standard of quake repairs, is being described as a milestone for house owners throughout the country. The Reserve Bank has left the cost of borrowing unchanged at a record low 2-point-25 percent, athough it is signalling further cuts remain on the cards.