Big losses for Western insurer
Liquidation of Western Pacific Insurance is unlikely to satisfy unsecured claims worth $16.5m.
Liquidation of Western Pacific Insurance is unlikely to satisfy unsecured claims worth $16.5 million.
It is also unclear yet how much of the $58 million owed to secured Canterbury earthquake claimants will be recovered from reinsurers.
The Canterbury claimants were deemed secured by a High Court
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Chris Hutching for NBR NZ Property Investor
Tue, 12 May 2015
Tue, 12 May 2015
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Big losses for Western insurer
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