News
Big savings on cover: Why staying loyal to one insurer can cost you dearly
2+ day, 23+ min ago (306+ words) New Zealanders are spending far more of their income on insurance than they used to " and they may be paying considerably more by staying with the same insurer. Stats NZ data show that in the past five years, average house…...
Insurer to refund $5.3m after admitting overcharging customers
1+ mon, 1+ day ago (574+ words) FMG Insurance has admitted to fair dealing breaches over several years. FMG Insurance and Farmers" Mutual Group (together, FMG) has admitted to making misleading representations about certain insurance products to thousands of customers. An investigation by the Financial Markets Authority…...
'Very sad': Tower Insurance to close Rotorua office, 50 jobs affected
1+ mon, 3+ week ago (654+ words) About 50 jobs will be affected as Tower Insurance closes its Rotorua office. Tower chief executive Paul Johnston told the Rotorua Daily Post the company had decided not to renew the lease for the office, amid other changes in its national…...
Summer questions: The CEO whose NZX-listed company's share price rose by 44% over the year
1+ mon, 4+ week ago (847+ words) Tower Insurance stands out as an NZX success story in 2025, with its share price rising by around 44% over the year. Its chief executive Paul Johnston talks to the Herald about premium inflation abating and what global reinsurers are looking for…...