20 Jun 2018

Insurance increases could encourage competition

From Nine To Noon, 9:08 am on 20 June 2018

Tower Insurance has defended its new risk based pricing model for home owners, saying it affects only a small number of policy holders. The company said it was now charging more for properties in high-risk zones such as earthquake-prone Wellington. Kathryn Ryan speaks to the the Chief Executive of the Insurance Council Tim Grafton about what this development means for the industry.