Insurance news

An inside view on why 'reluctant regulator' the RBNZ needs a shake-up

22 Mar 18, 12:00pm

Guest

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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Govt speeds up EQC Act review; takes non-committal stance on thorny issues

20 Mar 18, 11:33am

Jenée Tibshraeny

11 comments

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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Dragging New Zealand’s insurance contract law into the 21st century

15 Mar 18, 9:55am

Guest

Rebecca Sellers puts the spotlight on the Government's long awaited review of insurance contract law
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Why the Govt wouldn't step in if a private insurer spied on you

10 Mar 18, 11:31am

Jenée Tibshraeny

2 comments

Invasive insurer horror stories highlight legal gap to be addressed in recently-announced insurance contracts law review
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Vero cuts losses and walks away from Tower

8 Mar 18, 12:38pm

Jenée Tibshraeny

1 comment

Commerce Commission decision sees Vero sell its Tower shares to Bain Capital Credit for less than it bought them for
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When silence is not golden

7 Mar 18, 3:50pm

David Hargreaves

17 comments

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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Insurers and local govt want more central govt action on adapting to the impacts of climate change

7 Mar 18, 1:03pm

Jenée Tibshraeny

16 comments

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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Major CBL shareholder sees value of company sliding 91%

7 Mar 18, 5:00am

Jenée Tibshraeny

4 comments

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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Ombudsman welcomes terms of reference for major insurance contracts law review

6 Mar 18, 11:47am

Jenée Tibshraeny

3 comments

Government commits to reviewing archaic laws criticised for putting consumers on the back foot when dealing with insurers
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When to say no to signing the dotted line

6 Mar 18, 5:00am

Andrew Hooker

1 comment

Insurance lawyer Andrew Hooker highlights the dangers of signing a settlement document presented to you by your insurer
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Shareholders come in to bat for Tower

5 Mar 18, 7:04am

Jenée Tibshraeny

2 comments

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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CBL boss won't take part in EY's global Entrepreneur of the Year competition

2 Mar 18, 11:38am

Jenée Tibshraeny

6 comments

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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'CBL Insurance breached directions'

1 Mar 18, 2:33pm

David Hargreaves

6 comments

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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Tower to get half of what it bargained for in $44m dispute with reinsurer

1 Mar 18, 7:18am

Jenée Tibshraeny

7 comments

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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CBL Corp to be in breach of NZX listing rules

28 Feb 18, 4:03pm

Jenée Tibshraeny

1 comment

CBL Corporation to be in breach of NZX listing rules by not releasing financial results
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CBL Insurance not in a position to settle claims

28 Feb 18, 11:23am

Jenée Tibshraeny

8 comments

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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CBL results won't be released as planned; Irish Central Bank wants CBL subsidiary in administration

27 Feb 18, 12:20pm

Jenée Tibshraeny

3 comments

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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