Insurance

IAG NZ warns it may have to withdraw insurance from NZ’s flood-prone areas in the future if the Government doesn’t speed up natural hazard risk reduction

IAG NZ warns it may have to withdraw insurance from NZ’s flood-prone areas in the future if the Government doesn’t speed up natural hazard risk reduction

IAG NZ boss Phil Gibson says 'roughly a third' of customers received premium reductions during the June year

IAG NZ boss Phil Gibson says 'roughly a third' of customers received premium reductions during the June year

IAG New Zealand's annual insurance profit drops 23%, despite 80,000 new customers and natural disaster-related costs being lower than anticipated

IAG New Zealand's annual insurance profit drops 23%, despite 80,000 new customers and natural disaster-related costs being lower than anticipated

Weak commercial market and 'elevated' natural hazard events drives Suncorp NZ’s annual profit down $103 million to $316 million

Weak commercial market and 'elevated' natural hazard events drives Suncorp NZ’s annual profit down $103 million to $316 million

Natural Hazards Commission looking into 'smarter and more cost-effective ways' for the Crown to insure infrastructure risks given agencies manage insurance separately across more than 100 contracts

Natural Hazards Commission looking into 'smarter and more cost-effective ways' for the Crown to insure infrastructure risks given agencies manage insurance separately across more than 100 contracts

As the Government moves to exempt health and life insurers from climate-related disclosure regime, MBIE analysis says there’s an ‘absence of evidence that current reporting costs are disproportionate to the benefits of disclosure’

As the Government moves to exempt health and life insurers from climate-related disclosure regime, MBIE analysis says there’s an ‘absence of evidence that current reporting costs are disproportionate to the benefits of disclosure’

Quashed data shows price difference between lowest and highest quotes for same type of cover across insurance providers has ‘widened significantly’ with risk-based pricing raised as a likely reason why

Quashed data shows price difference between lowest and highest quotes for same type of cover across insurance providers has ‘widened significantly’ with risk-based pricing raised as a likely reason why

Michael Bloomberg & Teresa Ribera tout a new initiative that helps mayors access technical expertise and finance to accelerate climate action progress

Michael Bloomberg & Teresa Ribera tout a new initiative that helps mayors access technical expertise and finance to accelerate climate action progress

Insurance Brokers Association of NZ wants the Government to create a register of properties with Section 72 hazard notices, saying the implications of the notice aren't widely understood

Insurance Brokers Association of NZ wants the Government to create a register of properties with Section 72 hazard notices, saying the implications of the notice aren't widely understood

Majority of people say insurers need to be clearer about where they will and won't provide insurance, and about the costs that make up premiums, IAG NZ survey shows

Majority of people say insurers need to be clearer about where they will and won't provide insurance, and about the costs that make up premiums, IAG NZ survey shows

'There are positive signs that there is potential increased competition coming in' to provide new warranty schemes, MBIE manager says, with interest from Australia

'There are positive signs that there is potential increased competition coming in' to provide new warranty schemes, MBIE manager says, with interest from Australia

Health and life insurers will be exempt from climate-related disclosure regime with Commerce Minister Cameron Brewer saying there’s little value in making them report on it as they aren’t ‘directly exposed to climate risks’

Health and life insurers will be exempt from climate-related disclosure regime with Commerce Minister Cameron Brewer saying there’s little value in making them report on it as they aren’t ‘directly exposed to climate risks’

With the DIA looking at the Fire and Emergency New Zealand levy system, insurance groups call for change

With the DIA looking at the Fire and Emergency New Zealand levy system, insurance groups call for change

Department of Internal Affairs to look into FENZ levy system as Minister Brooke van Velden sees 'valid question about whether this model is fair for levy payers and fit for purpose'

Department of Internal Affairs to look into FENZ levy system as Minister Brooke van Velden sees 'valid question about whether this model is fair for levy payers and fit for purpose'

Despite lack of robust insurance data, academic Jonathan Boston says 'we can be pretty confident that affordability has been declining, and that insurance retreat, however small it might be at the moment, is going to increase rapidly'

Despite lack of robust insurance data, academic Jonathan Boston says 'we can be pretty confident that affordability has been declining, and that insurance retreat, however small it might be at the moment, is going to increase rapidly'