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.
Insurance company Tower says yesterday's earthquake in North Canterbury will cost it a maximum of just over seven million dollars.
Insurance company, Tower, says it's started the year on a positive note despite bad weather and lingering complex claims from the Christchurch earthquakes.
Tower Insurance has increased the amount it is willing to pay towards repairing an earthquake-damaged Christchurch home, but is still refusing to pay for a more expensive rebuild.
The insurance company, Tower, is confident that putting its costly and complex outstanding Canterbury earthquake claims into a separate company will allow the rest of the group to flourish.
The insurance company, Tower, has strongly criticised the time it's taking to settle Canterbury earthquake claims and says the insurance system for handling such disasters is broken.
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.
Both sides are expected to sum up their cases today in the legal battle between Tower Insurance and a Christchurch couple, over the amount owed on an earthquake damaged home.
Shares in the insurance company, Tower, have plunged close to 20 percent today after it said its profits will likely fall more than 16-million dollars because of Canterbury earthquake claims.
Christchurch earthquake costs shake Tower's bottom line.
An historic Christchurch clock tower damaged in the earthquakes was unveiled today, after undergoing more than eight hundred thousand dollars of repairs.
Tower's half year profit has jumped by more than eighty percent, as it recovers from the costs associated with the Canterbury earthquakes and improves revenue growth.
Tower's profit is expected to be hit by the Christchurch earthquakes. Movie star legend Bruce Willis is reportedly eyeing up legal action against Apple and the stockmarket rises.
The first of Christchurch's high-rise buildings to close after the February earthquake has reopened. All the tenants of the12-storey HSBC Tower are now back in the building which has been extensively checked by engineering experts.
Santarium is cutting 36 jobs in Christchurch as it pulls out of manufacturing Weetbix in the city. The final engineering report on the site says the factory's tower block is an earthquake risk, and demolition starts tomorrow.
Professor Lucy Easthope is one of the world's foremost disaster planners. Her first major job in emergency planning was responding to 9/11 and since then, her career has covered almost every major disaster; the Boxing Day tsunami, the London bombings, the Christchurch earthquakes, the Fukushima nuclear disaster, Malaysia Airlines Flight 17 shot down over Ukraine, the Grenfell Tower fire, Covid-19 and many more. It's her job to help get the bodies identified, repatriate survivors, return personal effects, look after the bereaved, and advise governments for the future. She speaks to Kathryn about her memoir, When the Dust Settles: Stories of Love, Loss and Hope from an Expert in Disaster.