TWR - Tower Insurance.

[Antipodean]

https://www.newstalkzb.co.nz/news/na...uined-by-rain/

Losses could be as high as $50m and more if the rain does not stop.

This covered by insurance?

Depends on the wording on the insurance contract.

Typically, replacement of contents style policies cover 'unforeseen events.' Is heavy rain really fitting into this category?
More business interruption style policies also rely on an underlying event that triggers it (eg EQ closes CBD).


I note in less than 2 months (since 26/11/2020), 5 directors and the new CEO have bought on market.

[nztx]

Depends on the wording on the insurance contract.

Typically, replacement of contents style policies cover 'unforeseen events.' Is heavy rain really fitting into this category?
More business interruption style policies also rely on an underlying event that triggers it (eg EQ closes CBD).


I note in less than 2 months (since 26/11/2020), 5 directors and the new CEO have bought on market.

perhaps they tuned into the wrong set of weather gods ?

[KJMLimited]

AGM on Tuesday next week..

[KJMLimited]

Umm sorry I misread the notice. 23 Feb not Jan. I got far too excited about an insurance company AGM.