TWR - Tower Insurance.

[Grunter]

Lots of rumours around ... however - rumours might often be vicious, but they are rarely based on facts. Are yours?

Related to the adjustments: not sure I understand your remarks re "using time and distance to reduce costs" but in terms of underestimating the size of the damage do I not think that Tower was the only entity getting it wrong. Actually - lets face it - nobody (neither state nor City nor any insurer including EQC) got it right fathoming the size of the damage in the first place ... so why outing Tower for underestimating the damage as well?

Refer to Winner's article.

And Tower are by no means the only Insurer in this situation - What drove Buffet buying into IAG in 2014? Reinsurance.