20% of all claims withdrawn by policyholders
Posted On: Nov. 7, 2019 5:23 AM CSTRichard Harding, chief executive of New Zealand-based Tower Insurance Ltd., said that around a fifth of all claims to insurers made are "withdrawn" by policyholders, Stuff reported. People withdraw claims after being advised by their insurer that their claim was not covered by their policy, and if they persisted with it, would not be paid.