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EQC cap changes ‘perverse’, Suncorp NZ boss says

Insurer also monitoring proposed New Zealand Income Insurance Scheme.

Suncorp New Zealand chief executive Jimmy Higgins.

The boss of Suncorp’s New Zealand business says the government's decision to increase the EQC building cap will likely have a "perverse" impact, as the insurer warns premium prices face increasing pressure.

Suncorp– whose stable includes Vero Insurance, Asteron Life, and AA Insurance – said

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Hamish McNicol Mon, 08 Aug 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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EQC cap changes ‘perverse’, Suncorp NZ boss says
General Business,
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