insurance brokers christchurch
Insurers halt new cover in Christchurch, brokers say
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Photo / Geoff Sloan
Insurance companies all but stopped writing new cover in Christchurch in the wake of the February 22 earthquake and brokers say they will take some months to resume and are already raising premiums and claims deductibles.
Firms including AMI, the biggest general insurer in Canterbury, Australia's IAG which owns the State Insurance and NZI brands and QBE called a halt to issuing new policies while they await word from overseas reinsurers on new terms and conditions after a reassessment of risk.
Insurers are honouring existing policies for business, house and contents and vehicle cover.
"It's pretty early days for insurance at the moment," said Grant Milne, chief executive of insurance brokers Marsh.
"In terms of taking on ... http://auto-insurance.ucoz.com/news/insurance_brokers_christchurch/2013-06-03-2982
