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.

Tower full-year loss widens, proposes new quake claims company

Audio, Radio New Zealand

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.