Estimate doubles. State insurer to cover NZ$2m of claims
New Zealand’s Finance Minister, Bill English, said the Christchurch earthquake was now expected to cost NZ$4bn, double initial estimates, Bloomber reports.
It says Treasury Secretary John Whitehead told the New Zealand Herald the state-run insurer, the Earthquake Commission, would pay out NZ$2m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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