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Insurance

The Commerce Commission said yes to IAG, but no to Vero - Jenée Tibshraney asks its chairman why
26th Jul 17, 4:06pm
23
The Commerce Commission said yes to IAG, but no to Vero - Jenée Tibshraney asks its chairman why
Commerce Commission prevents New Zealand's insurance duopoly from getting stronger by declining Vero's bid to buy Tower; Tower's share price tumbles
26th Jul 17, 8:26am
16
Commerce Commission prevents New Zealand's insurance duopoly from getting stronger by declining Vero's bid to buy Tower; Tower's share price tumbles
Revealed: The Commerce Commission is investigating Vero for buying 19.99% of Tower's shares separately to it considering Vero's bid to take over the insurer
25th Jul 17, 8:31am
9
Revealed: The Commerce Commission is investigating Vero for buying 19.99% of Tower's shares separately to it considering Vero's bid to take over the insurer
CBL to buy 40% of Allied Risk Holdings, with the Allied management coming on board with CBL in Europe
13th Jul 17, 8:58am
CBL to buy 40% of Allied Risk Holdings, with the Allied management coming on board with CBL in Europe
Reserve Bank unhappy with insurance companies' overall level of compliance with disclosure rules - warns that they need to raise their game
29th Jun 17, 4:27pm
2
Reserve Bank unhappy with insurance companies' overall level of compliance with disclosure rules - warns that they need to raise their game
Fairfax Financial Holdings leaves Aussie insurer to bid for an even larger share of the New Zealand insurance market
29th Jun 17, 3:37pm
1
Fairfax Financial Holdings leaves Aussie insurer to bid for an even larger share of the New Zealand insurance market
Suncorp's Vero to buy all of Tower's shares for $1.40 each pending shareholder and regulatory approval; Canadian giant outbid in battle for struggling insurer
27th Jun 17, 3:42pm
4
Suncorp's Vero to buy all of Tower's shares for $1.40 each pending shareholder and regulatory approval; Canadian giant outbid in battle for struggling insurer
EQC Act reform to see private insurers receive claims on behalf of EQC; Private insurers urge Government to go all the way and let them assess and settle claims too
26th Jun 17, 3:27pm
11
EQC Act reform to see private insurers receive claims on behalf of EQC; Private insurers urge Government to go all the way and let them assess and settle claims too
First NZ Capital suggests a 10% to 20% increase in homeowners' insurance premiums next year will spur them to shop around
22nd Jun 17, 11:26am
8
First NZ Capital suggests a 10% to 20% increase in homeowners' insurance premiums next year will spur them to shop around
Commerce and Consumer Affairs Minister Jacqui Dean 'not in a position' to say whether claims handling will be included in big insurance regulation reforms planned for next year
19th Jun 17, 12:02pm
4
Commerce and Consumer Affairs Minister Jacqui Dean 'not in a position' to say whether claims handling will be included in big insurance regulation reforms planned for next year
Auckland Mayor Phil Goff calls for the introduction of a building warranty or insurance scheme to avoid ratepayers forking out another $600m in a leaky homes saga; Govt to release paper on this soon
17th Jun 17, 8:18am
43
Auckland Mayor Phil Goff calls for the introduction of a building warranty or insurance scheme to avoid ratepayers forking out another $600m in a leaky homes saga; Govt to release paper on this soon
NZ's largest general insurer wants insurers that aren't locally incorporated to be required to hold a certain amount of assets in NZ; Says there's room for the RBNZ to require insurers to disclose more 
2nd Jun 17, 2:40pm
1
NZ's largest general insurer wants insurers that aren't locally incorporated to be required to hold a certain amount of assets in NZ; Says there's room for the RBNZ to require insurers to disclose more 
Rebecca Sellers says it is past time to change our laws with regard to duty of disclosure to insurers, something our Law Commission recommended in 1996
31st May 17, 5:02pm
by Guest
13
Rebecca Sellers says it is past time to change our laws with regard to duty of disclosure to insurers, something our Law Commission recommended in 1996
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
31st May 17, 1:53pm
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
EQC levy to be bumped up 33%; Hike for insured homeowners comes further to 39% fire service levy increase; Decision on EQC Act Review on the way 
25th May 17, 3:28pm
4
EQC levy to be bumped up 33%; Hike for insured homeowners comes further to 39% fire service levy increase; Decision on EQC Act Review on the way 
RBNZ on insurance regulation: 'Our role is to prod in the right areas and make sure management are on top of what they need to be on top of, rather than doing that job for them'
24th May 17, 5:09pm
5
RBNZ on insurance regulation: 'Our role is to prod in the right areas and make sure management are on top of what they need to be on top of, rather than doing that job for them'
Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
24th May 17, 2:53pm
11
Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
Commerce and Consumer Affairs Minister commits to a 'significant package of insurance contract law reform in 2018'; Admits archaic disclosure rules are divisive
23rd May 17, 9:15am
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Commerce and Consumer Affairs Minister commits to a 'significant package of insurance contract law reform in 2018'; Admits archaic disclosure rules are divisive
Independent complaints body warns: Don't cancel your old life insurance policy until the stand down period of your new one has lapsed
19th May 17, 10:43am
Independent complaints body warns: Don't cancel your old life insurance policy until the stand down period of your new one has lapsed
Rebecca Sellers says conduct by insurers is effectively unregulated and the IMF is calling for some protection for consumers, at least up to Australian levels
11th May 17, 11:26am
by Guest
1
Rebecca Sellers says conduct by insurers is effectively unregulated and the IMF is calling for some protection for consumers, at least up to Australian levels
IMF calls for FMA to immediately fill cracks in the system so 'all aspects of the insurance product life cycle' are regulated
10th May 17, 10:12am
IMF calls for FMA to immediately fill cracks in the system so 'all aspects of the insurance product life cycle' are regulated
EQC levies may be affected by changes to disaster fund set to be announced after drawn-out review, Joyce says; Flags changes to reinsurance excess, operational detail
29th Apr 17, 6:02am
9
EQC levies may be affected by changes to disaster fund set to be announced after drawn-out review, Joyce says; Flags changes to reinsurance excess, operational detail
A look at whether your insurer will pay for what the Government won't if you get cancer
10th Apr 17, 1:07pm
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A look at whether your insurer will pay for what the Government won't if you get cancer
RBNZ considers whether to: take a more 'graduated approach' in monitoring insurers' solvency, make insurers disclose as much information as banks, and require all insurers that operate in NZ to be locally incorporated 
3rd Apr 17, 5:02am
2
RBNZ considers whether to: take a more 'graduated approach' in monitoring insurers' solvency, make insurers disclose as much information as banks, and require all insurers that operate in NZ to be locally incorporated 
Michael Stiassny says bidders eyeing a Tower takeover will need to pay at least $1.40 per share; Says the Board's considering a capital raising
30th Mar 17, 3:53pm
9
Michael Stiassny says bidders eyeing a Tower takeover will need to pay at least $1.40 per share; Says the Board's considering a capital raising