natural hazards

Reserve Bank says it wants banks to have a much broader sense of insurance coverage across their loan portfolio as emerging insurance pressures ‘indicate financial stability risks may increase’

Reserve Bank says it wants banks to have a much broader sense of insurance coverage across their loan portfolio as emerging insurance pressures ‘indicate financial stability risks may increase’

Financial stability and insurance: 'Concerns over affordability, climate change, and dependence on global reinsurance mean the situation could change quickly and warrants monitoring,' the Reserve Bank says

Financial stability and insurance: 'Concerns over affordability, climate change, and dependence on global reinsurance mean the situation could change quickly and warrants monitoring,' the Reserve Bank says

‘Storms a near-weekly occurrence’: IAG NZ chief executive Phil Gibson says, with a 256% annual increase in storm-related insurance claims

‘Storms a near-weekly occurrence’: IAG NZ chief executive Phil Gibson says, with a 256% annual increase in storm-related insurance claims

Natural Hazards Commission receives 824 claims for severe weather events in January and February, with about 60% of claims for landslide damage

Natural Hazards Commission receives 824 claims for severe weather events in January and February, with about 60% of claims for landslide damage

Insurance Council of New Zealand says insights from global reinsurers reinforce message that 'catastrophe risk is increasing in scale and complexity' as it renews call for faster action to keep insurance accessible, protect communities

Insurance Council of New Zealand says insights from global reinsurers reinforce message that 'catastrophe risk is increasing in scale and complexity' as it renews call for faster action to keep insurance accessible, protect communities

Natural Hazards Commission says RMA reforms not just about improving processes, but also whether NZ's planning framework 'recognises and manages natural hazard risk at its least costly intervention point'

Natural Hazards Commission says RMA reforms not just about improving processes, but also whether NZ's planning framework 'recognises and manages natural hazard risk at its least costly intervention point'

Natural Hazards Commission lays out its long-term investment plans for the Natural Hazards Fund, which has around $670 million

Natural Hazards Commission lays out its long-term investment plans for the Natural Hazards Fund, which has around $670 million

Outgoing Tower chairman Michael Stiassny says NZ has had ‘multiple wake up calls’ and while some progress has been made to address the impacts of extreme weather events, ‘it has been haphazard, inadequate and painfully slow'

Outgoing Tower chairman Michael Stiassny says NZ has had ‘multiple wake up calls’ and while some progress has been made to address the impacts of extreme weather events, ‘it has been haphazard, inadequate and painfully slow'

Consumer NZ says it expects insurance retreat to impact more areas around New Zealand because of increased flooding, landslides and sea surges

Consumer NZ says it expects insurance retreat to impact more areas around New Zealand because of increased flooding, landslides and sea surges

Insurance affordability and the financial settings are a 'downstream symptom' of increasing risk, Natural Hazards Commission chief executive says, as Southern Response continues to expect new claims

Insurance affordability and the financial settings are a 'downstream symptom' of increasing risk, Natural Hazards Commission chief executive says, as Southern Response continues to expect new claims

Landslides are New Zealand’s deadliest natural hazard. Tom Robinson asks why we still tolerate the risk

Landslides are New Zealand’s deadliest natural hazard. Tom Robinson asks why we still tolerate the risk

Commerce and Consumer Affairs Minister Scott Simpson says the Government will 'consider necessary initiatives' as premiums continue to grow, raising concerns about insurance affordability and accessibility

Commerce and Consumer Affairs Minister Scott Simpson says the Government will 'consider necessary initiatives' as premiums continue to grow, raising concerns about insurance affordability and accessibility

Prime Minister Christopher Luxon announces $1.2 million to support regions impacted by extreme weather events through mayoral relief funds, says there is a strong case for an independent government inquiry

Prime Minister Christopher Luxon announces $1.2 million to support regions impacted by extreme weather events through mayoral relief funds, says there is a strong case for an independent government inquiry

As the Government proposes a rates cap, councils may be forced to take on more debt if they ‘hope to plough on’ with investments and ‘this would be a credit negative,’ S&P says

As the Government proposes a rates cap, councils may be forced to take on more debt if they ‘hope to plough on’ with investments and ‘this would be a credit negative,’ S&P says

Local Government Minister Simon Watts unveils rates cap with a target range of 2% to 4% increases, saying ‘ratepayers deserve councils that live within their means’

Local Government Minister Simon Watts unveils rates cap with a target range of 2% to 4% increases, saying ‘ratepayers deserve councils that live within their means’