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Insurance Business | 30 Nov 2016, 09:00 a.m. Agree 0
This insurer says it will pursue its reinsurer for the money it says it owes ‘to the end’
  • Andrew McKay | 05 Dec 2016, 07:19 a.m. Agree 0
    Runoff co will not have enough money to cover claims. Just take a look at the average payout and times by the number of clients, you will see this comes to much more money than Tower plans to put into Runoff. It appears that Towers reinsurers are not the only insurer not wishing to pay out claimants, and wish to delay, deny and defend non payments.
    Take a look at the high court cases, you will see Tower does not want to pay out in accordance with the policy.
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