Tower Limited has reported that they are assessing the impacts of the severe weather event that has been affecting Auckland and parts of the North Island since Friday.
The company has received around 1,900 claims, of which 1,000 are house claims, and is proactively communicating with customers.
Tower has robust reinsurance arrangements with catastrophe cover of $934m and an excess of $11.85m.
Tower's FY23 full year guidance remains unchanged.
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