Turnbull is not the only executive who has discussed needed changes within NZ infrastructure given the recent calamities. “We’ve managed to weather that one, now we’re getting storms. Cyclone Gabrielle’s total costs are still unknown, but Turnbull restated Tower’s resiliency and the company’s preparedness with its reinsurer. “We are increasing our allowance for large events from 30 to 40 million,” Turnbull said. We’ll do that today, and we’ll make sure to do it tomorrow as well.”What are your thoughts on this story?

Source: New Zealand Herald February 22, 2023 01:29 UTC