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News
Who pays when roads and schools are hit by disaster?
5+ hour, 46+ min ago (59+ words) NZ Herald Up like a rocket, down like a feather? How banks set interest rates New FMA data shows the picture is more complex than cynics might think. Iwi launches sales of first 51 townhouses on ex-Unitec land The new Waikato…...
Tower Insurance not being bitten by rising fuel costs – for now
2+ mon, 3+ week ago (1048+ words) 'He wasn't my type, I wasn't his. Hours later, we fell for each other hard' The inflationary effects of war in the Middle East are not being felt by Tower Insurance – yet. At this stage, the NZX-listed insurer isn’t hiking…...
Big savings on cover: Why staying loyal to one insurer can cost you dearly
4+ mon, 2+ week 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
5+ mon, 2+ week 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
6+ mon, 1+ 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
6+ mon, 2+ 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…...