Tower Direct News Today

Tower Health officials say the system is still facing some financial challenges, but the situation has improved.

"These men and women drop whatever they're doing when the incident happens," the program manager of PA Task Force 1 said.

Extra provisioning for the Canterbury earthquakes and possible customer remediation as well as higher claims for large events including the Tongan volcanic

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The shuttering of two Chester County hospitals has cost some lives, a fire chief told Parkesburg Borough Council at its Feb. 21 meeting.

During its Jan. 10 meeting, Coatesville City Council discussed its relationship with Tower Direct, Tower Health’s paramedic unit, due to the impending closure of Brandywine Hospital, effective Jan. 31.

Wednesday, 26 May 2021, 9:14 am Kiwi insurer, Tower Limited (NZX/ASX:TWR) has today reported half year profit of $12m, down from $14.9m for the half year 2020. Underlying profit before large events was $18m, 5% lower than the prior year. Positive growth and ongoing reduction in management expenses have been offset by several factors that Tower has taken decisive action to address. These include an increase in large events and large house claims, rising building costs, and lower investment inco...

Press Release – Tower Ltd Kiwi insurer, Tower Limited (NZX/ASX:TWR) has today reported half year profit of $12m, down from $14.9m for the half year 2020. Underlying profit before large events was $18m, 5% lower than the prior year. Positive growth and ongoing reduction in management expenses have been offset by several factors that Tower has taken decisive action to address. These include an increase in large events and large house claims, rising building costs, and lower investment income. T...

Monday, 22 February 2021, 2:23 pm Kiwi insurer Tower (NZX/ASX: TWR) announced it has agreed to pay $14m in cash to ANZ to acquire and assume ANZ’s rights and obligations relating to servicing a portfolio of insurance underwritten by Tower. This transaction enables this portfolio to be brought into the Tower Direct business. Tower provided insurance for ANZ and National Bank customers between 1990 and 2009 and continues to cover over 23,000 people under those policies. On completion of the ac...

The insurer hasn't made a dividend payment since March 2016.