Insurance news

11 Jan 17, 4:29pm
EQC's 'unaccountable actions' see Christchurch woman 'wrongly' accused of fraud and left uninsurable, says Andrew Hooker
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28 Dec 16, 5:02am
We look back on a big, successful year and reveal our most popular stories; announce expanded coverage for 2017
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16 Dec 16, 12:44pm
Freelance journalist Diana Clement welcomes the outcome of the Commerce Commission's probe into Youi that lent heavily on her work, but isn't convinced the company has mended its ways
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15 Dec 16, 3:37pm
Insurer Youi cops $320,000 fine for widespread Fair Trading Act breaches; Side-steps fine of up to $9 million
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13 Dec 16, 2:40pm
Agreement reached to see private insurers receive, assess and settle Kaikoura quake claims on behalf of EQC
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12 Dec 16, 10:00am
Judge orders Tower to pay quake claimant more than 4 times settlement offer; Finds insurer guilty of withholding information
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9 Dec 16, 12:24pm
RBNZ concerned insurers risk eroding their solvency buffers and reducing their flexibility to manage a crisis if they keep dishing out large dividends
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6 Dec 16, 3:05pm
Supreme Court backs Vero in landmark property damage case; Rules you can't reopen an insurance claim once it has been settled
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6 Dec 16, 10:02am
Government confirms it has not been approached by Tower as the insurer seeks capital to ring-fence its quake-related business; Forsyth Barr expects Tower to sell 'RunOff Co'
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6 Dec 16, 10:00am
Local Tourism and primary production impacted; losses offset by reconstruction activity; national impact minor
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6 Dec 16, 5:02am
Insurance lawyer bites back at Tower chairman for slagging the litigation industry, he claims 'sprung up to agitate disenfranchised customers to demand not just fair resolution, but a windfall'
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3 Dec 16, 5:02am
Banks don't know how vulnerable they are to underinsurance; Insurers don’t see major underinsurance risks post-Kaikoura
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2 Dec 16, 12:02pm
IAG's chief risk officer believes Wellingtonians will soon stop being subsidised by insurance policyholders in other parts of the country for living in a quake hotspot
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30 Nov 16, 4:05pm
RBNZ says Kaikoura quakes could cost NZ$3-8 billion, including up to NZ$3 bln of Govt spend and up to NZ$5 bln of insurance; still confident on economy; says insurers can handle claims
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30 Nov 16, 4:05pm
RBNZ says Kaikoura quakes could cost NZ$3-8 billion, including up to NZ$3 bln of Govt spend and up to NZ$5 bln of insurance; still confident on economy; says insurers can handle claims
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30 Nov 16, 10:50am
Youi says it's part of its 'business practice' to keep writing new insurance policies in most cases in disaster struck areas, even if its competitors don't
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30 Nov 16, 9:18am
RBNZ warns in Financial Stability Report that housing imbalances remain; Wheeler says won't use Debt To Income multiple restriction 'at this time'; RBNZ notes rising use by banks of 'hot' overseas funds
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29 Nov 16, 9:51am
Tower announces plan to ring fence troublesome quake claims; says industry model is 'broken'; widens loss to $21.5 million; share price at record low
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25 Nov 16, 11:21am
IAG on when we need to update our insurers on a change of circumstances
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23 Nov 16, 2:29pm
Insurance Council calls for law change to oblige authorities to check businesses' air con units, lights, sprinklers, etc will be secure in an earthquake; Attributes up to 70% of commercial building damage to seismic restraint failures
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