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IAG New Zealand to continue to cover Wellington properties

Posted On: Jun. 6, 2019 6:33 AM CST

IAG New Zealand Ltd. said that it will continue providing coverage to properties in Wellington despite recent reports that the insurer had refused to insure some properties in the city, Radio NZ reported. IAG will move to a risk-based pricing model starting July after placing restrictions on taking on new risk due to the 2016 Kaikoura earthquake.

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