Insurance Council of New Zealand - Latest News [Page 1]

Fire Service Funding – disappointment with poor policy

Friday, 29 April 2016, 11:06 am | Insurance Council of New Zealand

Continuing to tax only those people who pay insurance to fund the fire service is blatantly unfair and well out of step with best policy practice internationally, the Insurance Council of New Zealand said in response to today’s new funding arrangements ... More >>

Canterbury five year anniversary statement

Monday, 22 February 2016, 8:37 am | Insurance Council of New Zealand

The fifth anniversary of the Canterbury earthquakes, is a time to remember those who lost their lives, the massive recovery effort since and to look to the great future Christchurch has ahead. Tim Grafton, Chief Executive of the Insurance Council ... More >>

Insurers settle 20% more claims in 2015

Monday, 1 February 2016, 12:12 pm | Insurance Council of New Zealand

Private insurers are on track to settle the vast majority of Canterbury earthquake claims by the end of this year, the Insurance Council announced today. Nearly 5,400 major repairs and rebuilds were completed in 2015 which reflected a 21% rise in the ... More >>

New Fair Insurance Code comes into force today

Sunday, 3 January 2016, 6:25 pm | Insurance Council of New Zealand

The new Fair Insurance Code which comes into force today provides consumers and SMEs with higher standards of service, the Insurance Council of New Zealand said today. ICNZ’s members have worked on implementation over the last year in the lead up ... More >>

Wanganui & June storms cost insurers $50m

Thursday, 22 October 2015, 12:28 pm | Insurance Council of New Zealand

The June weather bomb that caused extensive flooding in the lower North Island and the West Coast of the South Island cost insurers $50 million, bringing the total cost to date for 2015 weather related events to $113m the Insurance Council of New ... More >>

Insurers develop risk knowledge in Pasifika schools

Sunday, 30 August 2015, 1:13 pm | Insurance Council of New Zealand

Pasifika students in South Auckland this week will be the first in the country to feel first hand the effects of a volcanic eruption. More >>

New Insurance Industry Oversight Council Formed

Wednesday, 19 August 2015, 2:05 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand, whose members underwrite 95% of the general insurance market, that is, other than health or life insurance, has revised its Fair Insurance Code and appointed three well known New Zealanders to monitor compliance ... More >>

Insurers settle record Canterbury claims

Monday, 10 August 2015, 9:00 am | Insurance Council of New Zealand

The Insurance Council of New Zealand announced today that private insurers have settled a record number of residential claims in the last quarter since the Canterbury earthquakes in 2010 and 2011. Insurance Council Chief Executive Tim Grafton says ... More >>

Otago flooding cost insurers $28m

Thursday, 16 July 2015, 11:15 am | Insurance Council of New Zealand

The June storm that caused extensive flooding in Dunedin cost insurers over $28 million, the Insurance Council of New Zealand reported today. Most damage was the result of the record deluge that swamped Dunedin and the Otago region between 2 and ... More >>

Proposed changes to EQC broadly supported

Monday, 6 July 2015, 11:08 am | Insurance Council of New Zealand

Changes proposed for the EQC respond to lessons from the Canterbury earthquakes and are broadly supported by the Insurance Council of New Zealand, ICNZ Chief Executive Tim Grafton said today. “The thrust of the proposals make sense for customers, ... More >>

May weather cost insurers almost $20m

Monday, 29 June 2015, 2:50 pm | Insurance Council of New Zealand

The extreme weather events that caused extensive flooding in Wellington and saw a tornado rip through parts of Mt Maunganui cost insurers almost $20 million, the Insurance Council of New Zealand reported on provisional estimates today. Most damage ... More >>

Insurance advisory: weather related events

Sunday, 21 June 2015, 11:44 am | Insurance Council of New Zealand

The Insurance Council of NZ advises people affected by flood damage with the weather related events in the lower and western regions of the North Island and the West Coast of the South Island to contact their insurer as soon as possible. More >>

Travellers warned to declare pre-existing medical conditions

Tuesday, 19 May 2015, 10:07 am | Insurance Council of New Zealand

The peak season for booking travel starts this month and the Insurance Council warns travellers to ensure they take out travel insurance and tell their insurer everything they need to know to assess the risk. More >>

Insurers Settle $15 billion Canterbury Claims

Monday, 11 May 2015, 11:38 am | Insurance Council of New Zealand

The Insurance Council of New Zealand announced today that private insurers have paid out almost $15 billion to settle commercial and residential claims since the Canterbury earthquakes in 2010 and 2011, of which over $6 billion was for domestic claims. More >>

Virtual Classroom Economy to Get Real Lessons on Insurance

Wednesday, 25 March 2015, 1:21 pm | Insurance Council of New Zealand

If you ask a 12 year old whether they want to spend money to insure their mobile device, the answer is likely to be no. More >>

Insurance Council Signs UN Statement on Disaster Resilience

Saturday, 14 March 2015, 10:18 am | Insurance Council of New Zealand

The Insurance Council of New Zealand has signed the United Nations Statement in support of disaster risk reduction released at the 3rd UN World Conference on Disaster and Risk Reduction in Sendai, Japan. More >>

New Fair Insurance Code Sets High Benchmark

Wednesday, 4 February 2015, 2:14 pm | Insurance Council of New Zealand

The general insurance industry is to impose higher standards on itself when servicing consumers and small to medium-sized enterprises, the Insurance Council of New Zealand announced today. More >>

Managing Natural Hazards Must Be In RMA

Thursday, 22 January 2015, 11:19 am | Insurance Council of New Zealand

The Insurance Council of New Zealand welcomes the Government’s intention to include the management of natural hazards in a revamped Resource Management Act (RMA). More >>

Insurance Council Welcomes Report on Sea Level Rise

Thursday, 27 November 2014, 2:19 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand welcomes the Parliamentary Commissioner for the Environment’s report on climate change and rising sea levels released today. More >>

Settlement of Earthquake Claims Tops $13 Billion

Friday, 31 October 2014, 4:21 pm | Insurance Council of New Zealand

The settling of Canterbury earthquake private insurance claims continues apace as pay outs hit the $13 billion mark, advancing at $10 million a day in 2014. More >>

 

 

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