Photo: RNZEarthquake Commission Minister Megan Woods has confirmed the country's largest general insurance provider is refusing to take on any new property business in the Wellington market. RNZ reported this week that IAG, the parent company to AMI and State Insurance, was no longer accepting new customers for contents insurance in the capital. Under EQC cover for contents, insurers would pay the first $20,000 before EQC cover would come in. She said she would be pressing the insurance company on this in coming days. She said there was an ongoing stage two review of the EQC Act.

Source: Otago Daily Times March 12, 2019 18:11 UTC