Firstline: AMI in danger of going bust

226 views · Published 6 April 2011 · 0:30 · Indexed 19 October 2026

Channel: Newshub · 2011 · News & Politics

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Christchurch-based AMI Insurance is in talks with the Government to prevent it going bust in the wake of the Christchurch quakes.

Minister of Finance Bill English says the company's $1 billion in capital and cover has been wiped out, and without raising extra money, could be unable to pay out new claims.

Full Story: http://www.3news.co.nz/AMI-in-danger-of-going-bust/tabid/421/articleID/205840/Default.aspx

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