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

Fast Track Approval Bill Needs Natural Hazards Risk Protections

Tuesday, 11 June 2024, 12:47 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) is calling for the Fast-Track Approvals Bill to bolster resilience and ensure development projects safeguard people and property against natural hazard risks such as flooding. More >>

ICNZ Welcomes Budget 2024 Resilience Funding

Monday, 3 June 2024, 9:37 am | Insurance Council of New Zealand

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) is welcoming additional funding in Budget 2024 to invest in building resilient communities affected by the Auckland Anniversary Weekend flooding and Cyclone Gabrielle events. More >>

ICNZ Welcomes First Reading Of Contracts Of Insurance Bill

Thursday, 2 May 2024, 6:35 pm | Insurance Council of New Zealand

The sector will work closely with the Government and regulators to ensure that the Bill and other regulatory reforms that the industry is facing are done in a co-ordinated way that benefit both consumers and the industry as whole. More >>

ICNZ Endorses Call To Lift Understanding Of Natural Hazard Risks

Tuesday, 30 April 2024, 12:39 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand Te Kahua Inihua o Aotearoa (ICNZ) has endorsed findings that New Zealand needs to act decisively around natural hazards risks to ensure insurance is affordable and available in the future. More >>

ICNZ Incoming Chief Executive Kris Faafoi

Friday, 12 January 2024, 8:23 am | Insurance Council of New Zealand

The Board of Te Kāhui Inihua o Aotearoa The Insurance Council of New Zealand (ICNZ) has appointed former Cabinet Minister Hon. Kris Faafoi to be its new Chief Executive from April 2024. ICNZ President and IAG New Zealand CEO, Amanda Whiting said Kris ... More >>

New President And Vice-President For Insurance Council Of New Zealand

Monday, 8 January 2024, 10:47 am | Insurance Council of New Zealand

Te Kāhui Inihua o Aotearoa The Insurance Council of New Zealand (ICNZ) has appointed the Chief Executive of IAG New Zealand, Amanda Whiting, as its new President and Adam Heath, Chief Executive of Farmers Mutual Group, as its Vice-President. "I ... More >>

Insurers Fully Settled 87% Gabrielle And Auckland Anniversary Claims

Tuesday, 12 December 2023, 11:01 am | Insurance Council of New Zealand

Insurers have fully settled 87% of all private insurance claims from the Auckland Anniversary weekend and Cyclone Gabrielle weather events. The two events are separately the two largest insurance weather events in Aotearoa’s history. Insurers have settled ... More >>

Flood Advice: Stay Safe And Contact Your Insurer Early

Thursday, 22 June 2023, 9:40 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) urges those affected by floods and storms across Tairāwhiti and Hawke’s Bay to put their safety first, heed the advice of local authorities, including to self evacuate as per the ... More >>

2023 Climate Disaster Payouts Top $1 Billion

Thursday, 22 June 2023, 9:34 am | Insurance Council of New Zealand

Insurers have so far paid out $1.08 bn of an estimated $3.18 bn over 107,569 claims arising from the twin climate disasters of the Auckland Anniversary Weekend floods and Cyclone Gabrielle. For context, the general insurance sector incurred total claims ... More >>

Flood Advice: Stay Safe And Contact Your Insurer Early

Tuesday, 9 May 2023, 4:19 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) urges those affected by floods and storms across Tāmaki Makaurau Auckland and other areas of Te Ika-a-Māui The North Island to put their safety first, heed the advice of local ... More >>

Correction Re 2023 Climate Claims Settled

Tuesday, 4 April 2023, 2:51 pm | Insurance Council of New Zealand

The number of claims settled for the Auckland Anniversary Weekend flood event was mis-stated in ICNZ’s early press release. The correct number of claims settled for just the Auckland Anniversary Weekend flood event is 7,305 claims settled out ... More >>

Global Insurance Gap Report Highlights Local Issues

Tuesday, 14 March 2023, 7:35 pm | Insurance Council of New Zealand

A new report from the Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant, and growing, annual global insurance protection gaps, two of which are of particular concern for Aotearoa New Zealand in the area ... More >>

Insurers: Buyers Beware Of Flood Damaged Vehicles

Thursday, 23 February 2023, 9:04 am | Insurance Council of New Zealand

Insurers are urging buyers to look for signs of water damage and to check Waka Kotahi’s written off vehicle register when buying a vehicle so they can make well informed decisions. Between 1 and 22 February, 524 vehicles were added to the register as ... More >>

Insurers Welcome New Zealand Claims Resolution Service

Sunday, 19 February 2023, 7:00 am | Insurance Council of New Zealand

Insurers welcome the announcement of the New Zealand Claims Resolution Service (NZCRS) for property owners with house insurance as part of the response to natural disasters including the growing number of climate-driven extreme weather events that are leading ... More >>

New Zealand Must Build Back Better

Thursday, 16 February 2023, 3:20 pm | Insurance Council of New Zealand

Aotearoa New Zealand must not lose the opportunity to build back better from the catastrophic extreme weather events of the past two weeks, says the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ). "Repairing and rebuilding ... More >>

Insurers Braced For Gabrielle Claims And Recovery 27 Jan To 2 Feb Event Claims Estimated Over 40,000

Wednesday, 15 February 2023, 8:03 am | Insurance Council of New Zealand

Insurers are prepared to handle the many claims that will arise from Cyclone Gabrielle from across the motu. People should try to register their claims on-line, leaving phone lines free for those who need the most urgent assistance. "While Gabrielle ... More >>

Get Ready For Cyclone Gabrielle

Friday, 10 February 2023, 1:41 pm | Insurance Council of New Zealand

Act now to protect yourselves and your property before Cyclone Gabrielle is expected to bring extreme winds and rain, and likely more slips and flooding, to Te Ika-a-Māui The North Island. Authorities and the media are doing a great job of warning people ... More >>

ICNZ Insurance Recovery Update

Friday, 3 February 2023, 12:40 pm | Insurance Council of New Zealand

As we approach one week since Aotearoa New Zealand’s largest climate event, the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) provides the following updates. Advice for customers If you are displaced from your home or in ... More >>

Insurers Offer Advice To Business

Tuesday, 31 January 2023, 7:27 am | Insurance Council of New Zealand

As storms continue to impact much of the North Island, many businesses are having to deal with flood and other damage. Others should heed local warnings and take action now to limit loss and damage including, if possible, putting things out of reach ... More >>

Insurers Prioritising Worst Affected Customers

Sunday, 29 January 2023, 6:56 pm | Insurance Council of New Zealand

As storms continue to impact much of the North Island, insurers are prioritising those most affected, want to remind customers that claims can be lodged through insurers’ websites as well as by telephone and be transparent about the claims handling process ... More >>

 

 
 
 
 
 

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