Far North briefs: Kaikohe water upgrades begin, A&P Scholarship applications
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NZ Herald
5 days ago
- NZ Herald
Far North briefs: Kaikohe water upgrades begin, A&P Scholarship applications
More than $22,000 in financial aid was distributed to 57 Far North homeowners and businesses by the Mayoral Relief Fund for damage caused by Cyclone Tam in January. Applications opened in May and applications ranged from assistance with roof repairs, recovery of lost frozen food and clearing
Scoop
29-06-2025
- Scoop
Tasman Mayoral Relief Fund Open For Donations
Following a government contribution of $100,000 to the Tasman Mayoral Relief Fund earlier today, the fund is now open to accept donations from the public. Any person or organisation wishing to donate to the Nelson Tasman Mayoral Relief Fund can deposit funds into the Tasman District Council bank account 12-3193-0002048-00. When making a donation, please use the reference 'Mayoral Relief Fund'. Tasman District Deputy Mayor Stu Bryant says the region has experienced significant and widespread damage. 'The impact of this event will be felt for months, particularly within Tasman's agricultural sector, which has been hit hard,' he says. 'We've heard from many people across Tasman wanting to help. One of the most effective ways to support the recovery is by donating to the Mayoral Relief Fund. It enables us to reach those who aren't able to access assistance through other channels.' The Fund will be open to any resident, ratepayer, business owner, and not-for-profit organisation in Tasman regions that have suffered financial hardship as a result of the weather event that began on Friday 27 June 2025. The fund will provide assistance on a one-off basis for extraordinary circumstances where real need can be shown. Those who wish to apply for the Mayoral Relief Fund can email MayoralRelief@ 'This event has caused immense devastation across the region — but amid the hardship, the incredible way our communities have stepped up to offer help and support has been truly heartening,' says Stu.
Otago Daily Times
20-05-2025
- Otago Daily Times
Tower posts improved profit, plans to expand risk-based pricing
Insurance group Tower has posted an improved profit on the back of increased premium income, lower costs and reduced claims. Key numbers for the six months ended March compared with a year ago: Net profit $49.7m vs $36m Underlying profit $61.7m vs $36.6m Gross premium $297m vs $269m Forecast underlying profit $70-80m Interim dividend 8 cents per share The New Zealand insurer said better weather led to a lower level of ordinary claims, - so-called business as usual claims - while premium income rose as it attracted new business and it kept a lid on its costs. "These positive first-half results reflect Tower's commitment to delivering sustainable, profitable growth by upholding core insurance fundamentals: robust risk selection and pricing, and claims management," interim chief executive Paul Johnston said. The company said it had improved risk selection, with 91 percent of new policies sold in the first half rated low or very low flood risk, compared with 86 percent the year before. However, reduced-risk policies and greater market competition limited revenue growth, and there was a fall in vehicle insurance premiums because of rate reductions and a tightening in its risk appetite. Johnston said it would extend its risk based approach. "This year we will expand risk-based pricing to include sea surge and landslide risks, helping our customers better understand their risks and how these factors impact their insurance pricing." Tower said it was still paying for continuing customer remediation-related costs and an increase in Canterbury earthquake cost estimates, as it received more claims than expected from the Natural Hazards Commission. It had large event claims of $3m from the Dunedin floods in October last year, and expected that it would be paying out around $4m for claims from Cyclone Tam, which would be included in the second half report. Tower had $50m set aside for major event claims for the full year.
