Live Breaking News & Updates on Tower direct

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Tower Health cuts jobs amid restructuring efforts

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

Tower-health , Tower-direct , Berks , Omepage-top-stories , Usiness ,

PA Task Force 1, Reading Hospital staff critical in search and rescue efforts at RM Palmer explosion

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

Reading-hospital , Pennsylvania , United-states , West-reading , New-jersey , Berks-county , Philadelphia , Herbert-schiffer , Ken-pagurek , Nikki-dementri , Tower-health-reading-hospital , Tower-health

Tower profit dragged down by provisions and large claims

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

New-zealand , Tonga , Tongan , Blair-turnbull , Tower-direct ,

Business.Scoop » Tower Scoops New Zealand's Top Car Insurer Award For A Second Year

Business Scoop provides news and views on Business and Markets from New Zealand

New-zealand , New-zealanders , Jose-george , Michelle-james , Press-release , Car-insurer , Year-award , Canstar-new-zealand-general-manager , Tower-managing-director , Tower-direct , Canstar-insurer

2 hospital closings have cost lives, Parkesburg borough council told

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

Sharon-wolf , Stuart-dixon , Brian-gathercole , Borough-council , Canyon-atlantic-partners , Keystone-valley-fire-department , Parkesburg-borough-council , Tower-health , Chester-county , Chief-brian-gathercole , Caln-township

Coatesville council discusses next steps in preparation for Brandywine Hospital closure

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.

James-logan , Coatesville-city-council , Alliance-for-health , Tower-health , Tower-direct , Brandywine-hospital , President-linda-lavender-norris , West-chester , Coatesville-city-manager-james-logan , Coatesville , Ospital-closure ,

Tower Records Sound Half Year Result, Restarts Dividend Payments And Reinforces Positive Long-term Growth

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 income.
The large events comprise a $9.3m
impact before tax, up from $2.8m in HY20, and included the
large fire at Lake Ōhau village and severe flooding in

Auckland , New-zealand , Australia , Australian , Blair-turnbull , Citizen-community , Tower-limited , Tower-ltd , Foundation-for-public-interest-journalism , Zealand-defence-force , Tower-ltd-on-infopages , Auckland-council

auckland.scoop.co.nz » Tower Records Sound Half Year Result, Restarts Dividend Payments And Reinforces Positive Long-term Growth

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.
The large events comprise a $9.3m impact before tax, up from $2.8m in HY20, and included the large fire at Lake Ōhau village and severe flooding in Napier in late 2020.

Auckland , New-zealand , Australia , Australian , Blair-turnbull , Tower-limited , Tower-ltd , Zealand-defence-force , Auckland-council , Press-release , Tower-direct , New-zealand-parent

Tower To Acquire ANZ Legacy Portfolio

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 acquisition these customers will be
insured directly by Tower under a Tower branded policy.
These customers have always been insured by Tower under
these policies and that is not changing as a result of this

Blair-turnbull , Citizen-community , National-bank , Foundation-for-public-interest-journalism , Our-partnership , Club-marine , Tower-to-acquire , Tower-direct , Gross-written , Scoop-citizen-community , In-depth-engaged-journalism , Scoop-foundation

Tower to resume dividend payments after five-year pause

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

Auckland , New-zealand , Lake-ohau , New-zealand-general , Blair-turnbull , Auckland-council , Insurer-tower , Gross-written-premium , Tower-direct , Tower , Resume