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Insurance

Diana Clement updates how the extended pandemic is pushing evolving law for business interruption, travel, and employment situations. And what policy makers are doing to keep up
2nd Sep 21, 4:09pm
Diana Clement updates how the extended pandemic is pushing evolving law for business interruption, travel, and employment situations. And what policy makers are doing to keep up
The sudden mid-trial collapse of the $220 million James Hardie leaky-building class action exposed some hard realities of these types of legal actions. The Law Commission is considering whether regulation has a role
1st Sep 21, 10:27am
by Guest
The sudden mid-trial collapse of the $220 million James Hardie leaky-building class action exposed some hard realities of these types of legal actions. The Law Commission is considering whether regulation has a role
RBNZ seeks feedback on introducing an insurance policyholder guarantee scheme to pay out claims in the event of an insurer failing
31st Aug 21, 11:33am
RBNZ seeks feedback on introducing an insurance policyholder guarantee scheme to pay out claims in the event of an insurer failing
New Zealand life insurers set to continue delivering good return on equity to their shareholders, S&P Global Ratings says
9th Aug 21, 10:15am
2
New Zealand life insurers set to continue delivering good return on equity to their shareholders, S&P Global Ratings says
Reserve Bank's Adrian Allott says insurance solvency standards review not starting from same place as bank capital review which saw a 'terribly undercapitalised' industry
6th Aug 21, 9:31am
Reserve Bank's Adrian Allott says insurance solvency standards review not starting from same place as bank capital review which saw a 'terribly undercapitalised' industry
Financial Markets Authority says life insurer AIA has admitted making false and/or misleading representations to customers and faces a paying a penalty of $700,000
29th Jul 21, 12:11pm
2
Financial Markets Authority says life insurer AIA has admitted making false and/or misleading representations to customers and faces a paying a penalty of $700,000
FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted
22nd Jul 21, 5:00am
30
FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
26th May 21, 9:40am
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
Morgan Stanley report shines a light on IAG and Suncorp's dominance of New Zealand's general insurance market
24th May 21, 4:41pm
Morgan Stanley report shines a light on IAG and Suncorp's dominance of New Zealand's general insurance market
Insurance Council warns owners of units in complexes without body corps could struggle to get cover or face uphill battles when making claims
27th Jan 21, 3:33pm
13
Insurance Council warns owners of units in complexes without body corps could struggle to get cover or face uphill battles when making claims
Does opening a ‘back door’ to encrypted communications create a whole new raft of problems? How can firms promise privacy if there is official access? And an unauthorised breach at some point then becomes possible
3rd Dec 20, 4:31pm
7
Does opening a ‘back door’ to encrypted communications create a whole new raft of problems? How can firms promise privacy if there is official access? And an unauthorised breach at some point then becomes possible
New research identifies thousands of coastal properties in the 1-in-100-year flood zone that have another 15 years before facing serious insurance issues
2nd Dec 20, 7:39am
67
New research identifies thousands of coastal properties in the 1-in-100-year flood zone that have another 15 years before facing serious insurance issues
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
24th Nov 20, 3:21pm
2
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
Private insurers finally get their way, as EQC enables them to handle claims on its behalf; Public Inquiry was inconclusive on the matter
2nd Nov 20, 6:49pm
12
Private insurers finally get their way, as EQC enables them to handle claims on its behalf; Public Inquiry was inconclusive on the matter
Business needs risk cover for pandemics, but insurers have revealed their fine print exclusions denying most cover. There is 'market failure' for cover at a reasonable cost. Is it the taxpayer who needs to cover these risks?
6th Oct 20, 4:55pm
3
Business needs risk cover for pandemics, but insurers have revealed their fine print exclusions denying most cover. There is 'market failure' for cover at a reasonable cost. Is it the taxpayer who needs to cover these risks?
RBNZ's just-launched insurance capital review to be based on principles similar to bank capital review
1st Oct 20, 11:22am
7
RBNZ's just-launched insurance capital review to be based on principles similar to bank capital review
Travel insurers face risks and pressures that may mean travelers won't be able to buy travel coverage for a reasonable price in future, creating a Catch-22 for the travel industry generally. Should the taxpayer underwrite the risks?
28th Sep 20, 9:44am
9
Travel insurers face risks and pressures that may mean travelers won't be able to buy travel coverage for a reasonable price in future, creating a Catch-22 for the travel industry generally. Should the taxpayer underwrite the risks?
RBNZ says it's 'imprudent' for insurers to pay dividends at the moment; Announces major insurance capital review to resume in October
14th Sep 20, 5:44pm
5
RBNZ says it's 'imprudent' for insurers to pay dividends at the moment; Announces major insurance capital review to resume in October
Govt accepts Public Inquiry recommendation to consider increasing the EQC cap so more risk falls with the state insurer rather than private insurers in the event of a disaster
31st Aug 20, 12:49pm
26
Govt accepts Public Inquiry recommendation to consider increasing the EQC cap so more risk falls with the state insurer rather than private insurers in the event of a disaster
Could Labour's first major policy announcement be a permanent unemployment insurance scheme similar to that advocated for by ACT?
4th Aug 20, 3:50pm
42
Could Labour's first major policy announcement be a permanent unemployment insurance scheme similar to that advocated for by ACT?
Government keeps ACC levies at current levels until 2022, instead of reviewing them in 2021 as planned pre-Covid
6th Jul 20, 3:00pm
2
Government keeps ACC levies at current levels until 2022, instead of reviewing them in 2021 as planned pre-Covid
Concerns raised over the RBNZ approving the sale of 200,000 AMP Life insurance policies to a Bermuda-based private equity firm
24th Jun 20, 5:00am
23
Concerns raised over the RBNZ approving the sale of 200,000 AMP Life insurance policies to a Bermuda-based private equity firm
RBNZ signs off on sale of AMP Life after the would-be buyer agreed to put in place various measures to protect the 200,000 New Zealand policyholders
23rd Jun 20, 10:11am
2
RBNZ signs off on sale of AMP Life after the would-be buyer agreed to put in place various measures to protect the 200,000 New Zealand policyholders
AA Insurance to offer customers like-for-like insurance premium comparisons
11th Jun 20, 11:45am
by admin
3
AA Insurance to offer customers like-for-like insurance premium comparisons
Public Inquiry recommends seismic shift in risk from private insurers to EQC when it comes to insuring residential buildings against natural disasters
9th Apr 20, 10:31am
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Public Inquiry recommends seismic shift in risk from private insurers to EQC when it comes to insuring residential buildings against natural disasters