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A survey by the Wellington Regional Chambers of Commerce and Business Central found that 20% of businesses in central New Zealand do not have business interruption insurance, Asia Insurance Review reports. Nearly 35% are unsure whether they have insurance for business interruption, while 17% do not have any contingency plans in place.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees