Quakes affect insurance industry nationwide

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Fri, 17 Jun 2011 8:10a.m.

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The insurance industry has been heavily affected by the Christchurch earthquakes, says one expert.
The insurance industry has been heavily affected by the Christchurch earthquakes, says one expert.
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17 Jun 2011 01:46p.m.

James wrote:

The whole country shouldn't have to pay at the hands of the National Insurers. Afterall they took on the risk. Auckland must be big enough, to negotiate a more competitive reinsurance cover (underwriting) than that offered on a national basis. In essence this is an opportunity for an insurance company that can take adavntage of regional differences. Why should the poor consumer always stomach the losses of others? If I had the contacts I would offer to insure Auckland at no more than a 5% increase on their past years policies.