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Tower receives more than 140 flood-related claims

But event will be covered by reinsurance for up to $7.5m.

NZX-listed insurer Tower has received 142 claims following last week’s severe flooding in the West Coast, Wellington, Marlborough and Auckland regions and expects more to come.

But as the financial impact of previous large events has already reached the company’s excess, the latest flooding

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Hamish McNicol Thu, 22 Jul 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Tower receives more than 140 flood-related claims
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