Insurance

'This is the second phase of a crisis in trust for financial services'
7 Sep 18, 7:46am
Jenée Tibshraeny
3 comments
FMA boss calls for financial services firms to stop focusing on shareholders at the expense of customers, with public trust the worst it has been since the GFC
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Aussie royal commission sees AMP Life's credit rating downgraded
30 Aug 18, 3:22pm
Jenée Tibshraeny
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
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How an NZX-listed company is at the centre of a global money-go-round
13 Aug 18, 4:51pm
Jenée Tibshraeny
1 comment
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
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FMA sceptical of embedding supervisors in banks
9 Aug 18, 4:00pm
Jenée Tibshraeny
5 comments
FMA not keen to embed supervisors in banks like its Aussie counterpart, but sees logic of prudential regulators - IE the Reserve Bank - doing so
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Ministry of Justice tells government to disregard its own advice
9 Aug 18, 7:30am
Jason Walls
1 comment
Impact statement on Canterbury Earthquakes Insurance Tribunal Bill reveals the Ministry of Justice did not consult with any external parties as a result of time pressure from the Government
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Newly-licensed insurer goes quiet on growth following bad press in Australia
9 Aug 18, 5:00am
Jenée Tibshraeny
1 comment
Life insurer accused of mis-selling to Aboriginal people sidesteps questions about its rapid growth in New Zealand 
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Govt criticised for ignoring Ministry of Justice advice on quake tribunal
3 Aug 18, 10:53am
Guest
3 comments
Insurance Council boss lobbies Government to give insurers same access to proposed Canterbury quake tribunal as homeowners
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You delay, you pay - what an Earthquake Tribunal could achieve
2 Aug 18, 10:47am
Guest
3 comments
Duncan Webb explains how the proposed Earthquake Tribunal could ping insurers who have used delay tactics and shares his hopes that it provides a model for the resolution of other civil disputes
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How living by the coast is costing us
31 Jul 18, 5:00am
Jenée Tibshraeny
33 comments
New research finds the average property that's claimed EQC cover for storm damage is twice as close to the coast as the average property in NZ
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CBL Insurance liquidation hearing postponed (again) until Aug 9
27 Jul 18, 7:24pm
Jenée Tibshraeny
4 comments
NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
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IAG ups the ante on risk-based pricing
23 Jul 18, 3:01pm
Jenée Tibshraeny
19 comments
State and AMI home insurance policyholders in parts of the country deemed risky to receive premium increases of around $91 a year under IAG's new pricing model
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Westpac and AMP: 'It's not us'
19 Jul 18, 7:29am
Jenée Tibshraeny
8 comments
Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent 
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Three big firms in FMA's sights over possible mis-selling of life insurance
18 Jul 18, 1:09pm
Jenée Tibshraeny
8 comments
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
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Insurance premium increases soar well above inflation
17 Jul 18, 3:43pm
Jenée Tibshraeny
3 comments
CPI data shows kiwis' grumbles over hefty insurance premium hikes are justified
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CBL directors resign; FMA probes Deloitte in CBL investigation
13 Jul 18, 1:57pm
Jenée Tibshraeny
1 comment
FMA flags concerns over the disclosures CBL made when it listed on the NZX and around the time it was being probed by the Reserve Bank; CBL's chair and two other directors resign
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CBL insurance head honchos to open Auckland butchery
10 Jul 18, 2:49pm
Jenée Tibshraeny
6 comments
CBL's former CFO and existing director of international business form butchery company - 'Well Hung' - while CBL shareholders fear they'll be hung out to dry
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This week's guest Top 10
6 Jul 18, 10:00am
Guest
13 comments
Henry Lynch on the foreign buyer data debacle, how chatbots are channelling customers, the Australian banking sector, the FIFA’s World Cup strange connection to toilets, and the meaning of life
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Beware: You could be allowing your insurer to over-ride your doctor
4 Jul 18, 1:29pm
Guest
10 comments
Lawyer welcomes insurance contracts law review, citing policies that give insurers discretion to over-ride a medical opinion to avoid paying a claim
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IAG to stop incentivising staff with sales targets
29 Jun 18, 11:42am
Jenée Tibshraeny
3 comments
IAG the first big player in the finance sector to get rid of staff sales targets; Move comes in the wake of law changes in NZ and a royal commission inquiry in Australia
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Disingenuous information from an insurer or ignorance from the media?
22 Jun 18, 3:43pm
Jenée Tibshraeny
7 comments
Public wrongly lead to believe that 97% of Tower's customers will receive home insurance premium decreases due to new quake risk-based pricing changes, Jenée Tibshraeny says
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Pages

20 Jun 18, 2:20pm
Vero waters down comprehensive car insurance cover
9
11 Jun 18, 5:10pm
Start-up cracks into capital-intensive insurance business. This is how...
8
6 Jun 18, 6:30pm
Court accepts RBNZ's request to postpone CBL liquidation hearing
6 Jun 18, 4:16pm
'Considerable concerns' raised over lack of confidence in EQC's data
12
5 Jun 18, 3:39pm
'Easing of LVR restrictions by end of year'
115
5 Jun 18, 11:41am
Broad questions of insurer conduct
5 Jun 18, 10:31am
CBL liquidation hearing not taking place as scheduled
4 Jun 18, 6:31am
'It takes a long time to really change the entire DNA of an industry'
15
1 Jun 18, 10:00am
Banks say bye bye to life insurance - so what?
2
31 May 18, 1:38pm
Recommended new meth rules could save insurers millions
2
30 May 18, 2:42pm
LVRs are now part of the furniture
17
30 May 18, 11:53am
ANZ NZ finds buyer for life insurance business
7
30 May 18, 9:15am
No LVR loosening till November 'at least'
18
29 May 18, 12:56pm
Storms prompt more insurance premium hikes, says Tower
1
28 May 18, 1:49pm
RBNZ 'unlikely to relax LVR rules'
3
25 May 18, 2:59pm
April storms add $72m to insurers' high & rising weather-related claims costs
5
24 May 18, 12:46pm
Life insurers put under the same spotlight as banks
3
22 May 18, 11:39am
Insurance probe gains traction
15
18 May 18, 7:20am
CBL situation prompts FMA to get advice from court on disclosure rules
18 May 18, 7:12am
Govt to set up insurance tribunal to help settle remaining quake claims
1
17 May 18, 10:59am
Faafoi encourages life and health insurers to ditch soft commissions
16
16 May 18, 3:00pm
Revealed: Insurer incentivises advisers with $95k junkets to London
23
15 May 18, 4:10pm
How will our insurers stack up if there's a financial services inquiry?
3
15 May 18, 1:05pm
NZ bank bosses may be hauled before Parliamentary select committee after Aussie banking scandals
14
11 May 18, 5:00am
Dispute resolution schemes fight to keep their distance from regulators
1
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