Insurance news

18 May 18, 7:12am
Insurers back Government's move to spend $8 million on tribunal to help settle the thousands of outstanding Canterbury earthquake claims
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17 May 18, 10:59am
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
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16 May 18, 3:00pm
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
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15 May 18, 4:10pm
Any NZ inquiry into the conduct of the financial services sector will require a lengthy and deep probe into the insurance sector, Gareth Vaughan argues
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15 May 18, 1:05pm
Michael Wood, the Chairman of Parliament's Finance and Expenditure Select Committee, says summoning bank CEOs to appear before MPs is an ‘open and live option’  
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11 May 18, 5:00am
Schemes that deal with complaints people make about their financial service providers urge the Government not to go too far in making them report all the misconduct they see to regulators 
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10 May 18, 4:02pm
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
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9 May 18, 4:03pm
Questions raised over NZ's financial services consumer dispute resolution model with the four competing schemes incentivised to sell themselves to the industry
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3 May 18, 2:10pm
Banks' attempts to be more customer-centric by changing the way they incentivise staff slammed by union for being superficial; FMA optimistic about impact of financial advice and insurance contracts law changes 
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3 May 18, 10:01am
Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point
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2 May 18, 7:39am
FMA's CEO Rob Everett & RBNZ Governor Adrian Orr tell NZ's big bank CEOs to prove their banks are different to their Aussie parents
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30 Apr 18, 9:33am
ANZ and IBM release proof of concept for blockchain product aimed at reducing the to-ing and fro-ing between insurers and brokers; Suncorp involved in testing technology
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27 Apr 18, 1:50pm
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
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25 Apr 18, 7:24am
The greater the grillings Gerry Brownlee and Sid Miller receive for EQC’s re-repairs cost blowout, the more evident the lack of scrutiny of former AMI directors becomes
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11 Apr 18, 2:21pm
Insurance and Financial Services Ombudsman advises those hit by the storm to take photos of damage and contact their insurers before cleaning up
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11 Apr 18, 8:16am
Govt seeks feedback on what tough disclosure requirements to curb conflicted advice should look like in the absence of a ban of commissions
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6 Apr 18, 12:37pm
Question marks remain over the extent to which further insurance premium hikes flagged for more disaster-prone parts of the country will be offset by decreases in lower risk places
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5 Apr 18, 5:40pm
Gerry Brownlee speaks out on EQC: “I just think people aren’t seeing the wood for the trees here. And in this case the wood - Megan - is making a whole lot of mischief"
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4 Apr 18, 7:45am
New RBNZ Governor Adrian Orr gets an early opportunity to strike a favourable impression with the public late next month by further loosening the LVR lending restrictions
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23 Mar 18, 12:39pm
Review of law aimed at maintaining a 'sound' insurance sector delayed by Reserve Bank's investigation into CBL, among its other 'supervisory priorities'
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