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Insurance news

Posted in Personal Finance

Counting the cost

The Insurance Council says the 2014 insured cost of weather damage is now over $135 million

Monday's Top 10

The motherhood penalty; Stevens hard to impress; US$2.5 tln not enough; Draghi creates a cash problem; household budgets; capital vs democracy; solar grunt; Dilbert & more

ASB going gangbusters

ASB annual net profit rises 14% to record high of NZ$806 mln; Net interest margin growth strong, cost to income ratio falls, dividends rise

Insurers seek change to Fire Service Levy

ICNZ, NZIER argue Fire Service Levy an unfair burden on insurers, say Fire Service should instead be funded by local government levy on property

Canterbury earthquake insurance settlements top $12 billion

Private insurers reach the halfway mark by fully settling 11,392 over cap dwelling claims, including the completion of 2,203 rebuilds and major repairs, says ICNZ

Youi enters NZ insurance market

South African 'challenger brand' Youi officially launches in NZ targeting the IAG dominated car, home & contents insurance markets; CEO says he won't do irrational things to get marketshare

Bernard's election diary - July 15

SIS wanted to block residency of Kim "bad but wealthy" Dotcom, but relented after "political pressure"; Collins under pressure over altered crime stats; Compulsory Te Reo?; Your view?

Bernard's election diary - July 14

Greens says all rivers must be swimmable; Fed Farmers says that would shut down economy; Joyce says Opposition policy 'cartoon-like'; Peters launches transport policy; Your view?

Bernard's election diary - July 11

McCully announces Malaysian case Inquiry; Labour, NZ First slam Inquiry for not focusing on McCully; Labour proposes 1,200 IT apprenticeships, Drury vs Joyce in CTO twitter exchange; Your view?

Bernard's election diary - July 10

Woman at centre of Malaysian immunity mess calls for McCully to resign and criticises Key's sincerity; Labour to phase out CERA, share debt with Christchurch Council; Your view?

Bernard's election diary - July 9

Debate rages over income inequality and child poverty after MSD issues annual report; Labour wants Insurance Commissioner and EQC levies on property rates; Your view?

The duty to tell vs the duty to ask

Andrew Hooker argues we should follow the Aussies and update our insurance law to reflect a better balance for the obligations of disclosure

How NZ general insurers stack up

NZ general insurers' premium growth and investment returns at, or near, top of international pack

Party Policies - Canterbury Earthquake - Insurance Court

This is where the parties stand on Canterbury's recovery from the earthquake.

Banks' share of insurance 'very small'

Commerce Commission unaware of any plans by NZ banks to underwrite their own general insurance despite suggestion by IAG they will

Even after Lumley deal IAG could buy again

Commerce Commission chairman Mark Berry says IAG buying Lumley doesn't change NZ insurance markets much, but sees difficulty for potential new entrants to insurance industry

What IAG-Lumley deal means for banks

Lumley takeover gives IAG control of personal insurance relationships with 3 of 4 big banks & 6 of 9 retail banks, but Commerce Commission says banks still have market power

RBNZ greenlights IAG's Lumey buy

IAG's takeover of rival Lumley jumps final NZ hurdle with Reserve Bank approval granted

Running on empty? or just warming up?

Opinion: Cam Preston sees the Christchurch residential rebuild as a marathon that's nearing halfway - and the 'wall'

The cost of hacking

Businesses urged to prepare for increasing threat of cyber attacks. Local companies are 'woefully underprepared' and need to protect themselves says the Insurance Council