New Zealand's powerful South Island earthquake on 14 November could cost the local insurance industry up to NZ$5bn (£2.8bn) but the sector has plenty of capital to cope according to the Reserve Bank of New Zealand.
Although RBNZ said it was too early to assess the full impact of the earthquake, it said upper estimates of the overall costs are NZ$9bn; initial estimates suggest the government is expected to pay between...
RSA made more than 900 redundancies last year and plans to make an additional £50m in cost savings.
Information gathered from blackbox telematics has been used successfully to reveal a dishonest customer claim involving a hire vehicle.
More jobs could be lost as a result of the government's whiplash reforms than were lost in the South Wales steel industry last year, Access to Justice told Post.
The expected discount rate reduction has shaved off £10m of profit from motor insurer ERS.