Insurance news

22 Mar 18, 1:17pm
FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
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22 Mar 18, 12:00pm
Ex-RBNZ and APRA official, Geof Mortlock, argues the RBNZ's regulation of the financial sector is so inadequate this responsibility should be passed on to a new agency
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20 Mar 18, 11:33am
The Government commits to increasing EQC cover for buildings, extending the timeframe claims can be made within and enabling more data sharing
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15 Mar 18, 9:55am
Rebecca Sellers puts the spotlight on the Government's long awaited review of insurance contract law
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10 Mar 18, 11:31am
Invasive insurer horror stories highlight legal gap to be addressed in recently-announced insurance contracts law review 
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8 Mar 18, 12:38pm
Commerce Commission decision sees Vero sell its Tower shares to Bain Capital Credit for less than it bought them for
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7 Mar 18, 3:50pm
David Hargreaves says the CBL disaster appears to have revealed massive loopholes in our regulatory processes; shareholders and the investment community deserve better
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7 Mar 18, 1:03pm
Having forked out $240m for damage caused by extreme weather events in the last year, insurers call for the establishment of a central agency to oversee a plan to adapt to the impacts of climate change; LGNZ on a similar page
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7 Mar 18, 5:00am
Harbour Asset Management values CBL shares last traded for $3.17, at 28 cents; Lloyd's of London to take over CBL contract to underwrite new building warranties  
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6 Mar 18, 11:47am
Government commits to reviewing archaic laws criticised for putting consumers on the back foot when dealing with insurers
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6 Mar 18, 5:00am
Insurance lawyer Andrew Hooker highlights the dangers of signing a settlement document presented to you by your insurer
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5 Mar 18, 7:04am
Jenée Tibshraeny looks at where Tower's at - three months after completing a capital raise and nearly a year after taking out a $30m bank loan to boost its solvency 
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2 Mar 18, 11:38am
EY says it didn't know the Reserve Bank was investigating CBL when it gave the company's founder, Peter Harris, its NZ Entrepreneur of the Year award last year
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1 Mar 18, 2:33pm
RBNZ Deputy Governor Geoff Bascand says CBL Insurance paid $55 mln to overseas companies 'in the context of significant doubts about CBL Insurance's solvency'
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1 Mar 18, 7:18am
Tower settles dispute with Peak Re; Agreement for it to receive half the reinsurance it was after will see its profit take a $15.2 million hit after tax
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28 Feb 18, 4:03pm
CBL Corporation to be in breach of NZX listing rules by not releasing financial results
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28 Feb 18, 11:23am
CBL Insurance policyholders and beneficiaries advised to consider seeking cover elsewhere; Any costs they face will rank as an 'unsecured creditor claim' if the company enters liquidation 
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27 Feb 18, 12:20pm
KordaMentha confirms CBL Corp's results won't be released Tuesday as planned; Central Bank of Ireland warns there could be a 'disorderly failure' of CBL Insurance Europe if it isn't put into administration
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26 Feb 18, 4:32pm
David Hargreaves says the CBL saga raises questions about the RBNZ's handling of its insurance sector regulation and supervision
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24 Feb 18, 7:55pm
RBNZ action sees High Court place CBL Insurance into interim liquidation; Order sparks withdrawal of parent company's issuer credit rating
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