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3 Jul 2025 7:21
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  •   Home > News > Business

    Tower Insurance will receive 42 million from the Earthquake Commission

    Tower Insurance will receive 42 million from the Earthquake Commission



    It's an outstanding payment resulting from the Canterbury earthquakes.

    Tower chairman Michael Stiassny says the settlement is a good outcome that means the company can now fully focus to the future.

    EQC chief executive Sid Miller says now both businesses can draw a line under the past - while continuing to sort remaining claims for customers.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     02 Jul: Prices for top-end butter are through the roof, with little recourse for shoppers
     02 Jul: Woolworths is recalling potentially plastic-infused mince, sold in its North Island stores
     02 Jul: The Commerce Commission's issued a warning to Foodstuffs North Island, over an alleged breach of the Grocery Supply Code
     02 Jul: Air New Zealand is adding 127-thousand seats to Christchurch for the Special Olympics
     01 Jul: New World is launching a reusable container trial in September
     01 Jul: The economy's inching closer to recovery - but hurdles persist
     01 Jul: Businesses still see hope on the horizon, but recovery still remains slower than expected
     Top Stories

    RUGBY RUGBY
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time More...


    BUSINESS BUSINESS
    Prices for top-end butter are through the roof, with little recourse for shoppers More...



     Today's News

    Law and Order:
    Investigations are continuing, after the discovery of newborn baby's body in an Auckland wheelie bin 7:17

    Basketball:
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time 7:17

    Law and Order:
    Sean 'Diddy' Combs found not guilty of sex trafficking and racketeering but guilty of transport for prostitution 7:07

    Entertainment:
    Queen Latifah's first paycheque was "87 bucks" from Burger King 7:06

    Environment:
    Some parts of the country are bracing for more heavy weather, less than a week on from severe flooding 6:57

    Entertainment:
    Jessie J is still awaiting the results of her recent surgery 6:36

    Entertainment:
    Sean 'Diddy' Combs' attorney claims that allegations against the rapper have been "badly exaggerated" 6:06

    Law and Order:
    Police have charged 12 more people - over a large dangerous boy racer meet in Levin, over King's Birthday weekend 21:57

    Entertainment:
    Sir Rod Stewart came close to cancelling his Glastonbury performance 21:36

    Rugby:
    The Maori All Blacks are making some strategic adjustments as they prepare to host Scotland in Whangarei on Saturday 21:17


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