More from Standards and Poors on AMI
Audio, Radio New Zealand
Mounting claims from the Christchurch earthquake have forced AMI insurance to go to the Government for a possible bailout.
Mounting claims from the Christchurch earthquake have forced AMI insurance to go to the Government for a possible bailout.
The cost of insurance could rise by 20 per cent as a result of the Government bailout of AMI Insurance and the mounting cost of the Canterbury earthquakes.
A Christchurch couple in a long running dispute over the insurance payout for their earthquake damaged home have reached an out-of-court settlement with Southern Response. The class action was brought on behalf of former AMI Insurance/Southern Response policyholders who believe the company misled them into settling their claims for less than their policies entitled them to. The lawyer for Brendan and Colleen Ross, Grant Cameron, talks to Max Towle about the settlement.