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.
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.
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.
A video of a presentation by Grant Wilkinson, Senior Engineer for Ruamoko Solutions, at the 2016 Seismics in the City Conference. The presentation is titled, "Engineering Regeneration, Collaboration and Innovation ".The abstract for the presentation reads, "Applying some seismic lessons learnt to saving several heritage gems and collaborating on the Christchurch Art Gallery Base Isolation retrofit project."