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.

Tower confident in new company to protect it

Audio, Radio New Zealand

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.

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.

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 takes further profit hit on lingering quake claims

Audio, Radio New Zealand

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.