![More extreme weather events hit IAG’s margins](https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/IAG-X.webp)
Finance
More extreme weather events hit IAG’s margins
The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m.
![Millennium & Copthorne upbeat on property development](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/copthorneqt-y.webp)
Finance
Millennium & Copthorne upbeat on property development
The hotel operator recorded a net profit of $15.4 million for the six months to June 30.
![NZ Automotive Investments loses confidence of financier](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/David-Sena-2-1-N.webp)
Finance
NZ Automotive Investments loses confidence of financier
The car sales and auto finance company better known for its brand 2 Cheap Cars did not name the bank which provides the funding.
![Suncorp NZ boss: Insurers need to sit at table with Govt](https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/jimmy-higgins-suncorp_supplied-i.webp)
Infrastructure
Suncorp NZ boss: Insurers need to sit at table with Govt
Suncorp NZ paid out $107 million in natural hazards claims last financial year.