Preece told MPs her insurer paid her $7000 to cover $25,000 of damage, and even removed her no-claims bonus as a result of the invasion of her home. But though Preece did not name her insurer, IAG, the country’s largest insurance company, has admitted it had failed her. Parliament TV MP Louise Upston speaks at the first reading of the Victims of Insane Offenders Bill. IAG has also now apologised to Preece for the distress it caused by the approach it made to her. ROB STOCK/Stuff IAG owns the State, AMI, NZI, Lantern Insurance, Swann Insurance, NAC Insurance and and Lumley insurance brands.

Source: Stuff April 24, 2021 17:01 UTC