AMI in danger of going bust

Thu, 07 Apr 2011 5:48a.m.

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Christchurch-based AMI Insurance is in talks with the Government to prevent it going bust in the wake of the Christchurch quakes.

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08 Apr 2011 04:30p.m.

Te Rawanake wrote:

Keysian system is Dead. Gillardism is the same as in Ozzy.
Many people in Victoria will get no insurance , Statement this am in all tv chanels that there is no payout Because the flood damage to Victorian people was NOT STORM damage!!

08 Apr 2011 03:01p.m.

James wrote:

If you look closely you can see where the money is going, I heard AMI stadium costs them about $300 million a year (don't quote me on that). If they sold the rights they possibly wouldn't need a bail out. Advertising on prime time television more than once during the same show. I saw 3 ads for AMI last night in the space of an hour on the same channel (TV1). They probably spent millions more than they needed to when they changed their logo a few years back. Why are they not selling off some of their assets to help contribute to the money they require?

07 Apr 2011 07:07p.m.

Nards wrote:

What happens to the rest of us who just paid our bastard premiums with AMI over $3000 in total...looks like we are heading to another company...ohhhh...here's hoping we win the lotto! Guessing we are kinda uninsured?? Anyone got any advice as to where people who have policies with them currently stand...like if my car was written off tomorrow...would I be covered? Thanks