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Tower downgrades profit guidance again on Canterbury floods

Insurer says it has received 164 claims relating to the floods.

NZX-listed insurer Tower has downgraded its profit guidance for the second time in less than a month after receiving 164 claims related to the recent Canterbury floods.

The company said in an NZX statement today it expected the Canterbury floods to cost it between $2.8 million and $3m before

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Hamish McNicol Fri, 11 Jun 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Tower downgrades profit guidance again on Canterbury floods
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