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EQC cap changes 'undermine competitive industry', Tower chair says

Michael Stiassny says insurance costs will increase for less earthquake-prone areas.

The government’s decision to increase the EQC building cap from $150,000 to $300,000 penalises customers who live in lower seismic areas and has the potential to undermine an already competitive industry, Tower chair Michael Stiassny says.

The NZX-listed insurer today held its annual general

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Hamish McNicol Wed, 02 Feb 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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EQC cap changes 'undermine competitive industry', Tower chair says
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