15 Mar 2019

Govt has state-owned insurance company on its radar

From Morning Report, 7:22 am on 15 March 2019

The Government says a state-owned insurance company is still a long, long away - but it is something ministers will have to keep a close eye on. Wellingtonians are contemplating a tougher time getting home and contents insurance as IAG, which owns State, AMI and NZI, is taking on fewer new customers in the region. Real-estate agents in Wellington are warning of serious consequences for home buyers and sellers as a result. Our political editor Jane Patterson talks about what the Government is, and is not, considering.