Tower guides full-year loss possible due to ongoing challenges
Listed insurer says inflation, motor crime and supply chain issues have continued to worsen.
A vineyard in Esk Valley under silt after Cyclone Gabrielle.
Listed insurer Tower is forecasting a possible full-year loss due to what it describes as an ongoing challenging claims environment in New Zealand.
The company said today it now expected its underlying net profit after tax for the year ending September 30 to be between a loss of $2 million and a
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