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Insurance Council of New Zealand - Latest News [Page 4]
2020 The Costliest Year For Severe Weather - Customers Get $248m Support From Insurers
Thursday, 25 February 2021, 9:41 am | Insurance Council of New Zealand
Insurance support for communities around the country hit by extreme weather events has hit a new annual record of $248m, with insurance customers making more than 13,600 weather related claims for the twelve months to December 2020. The revised figure ... More >>
Insurers Caution Home Buyers To Be Wary Of Insurance Pitfalls For Multi-unit Buildings
Wednesday, 27 January 2021, 2:13 pm | Insurance Council of New Zealand
Are you buying a new home attached to others? Is it being sold without a body-corporate to reduce costs and issues? The Insurance Council of New Zealand is urging all potential or existing owners of multi-unit property to check they can adequately insure their ... More >>
ICNZ Issues Advice For Boaties Planning To Capitalise On The America’s Cup Challenge Races
Thursday, 17 December 2020, 12:01 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) is warning all vessel operators to check they comply with the necessary Maritime New Zealand safety system requirements before heading out to watch the America’s Cup races this summer. "There are some ... More >>
2020 ICNZ And ANZIIF Scholarship Winner Announced
Friday, 4 December 2020, 1:12 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) is proud to announce Anna Graham of IAG as the winner of the 2020 ICNZ and ANZIIF Scholarship. Anna is an Operational Risk Analyst ... More >>
Insurance Claims For Ohau Fire Reach $34.8m
Sunday, 22 November 2020, 7:11 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand has today released its preliminary figures for the Ohau fire, 4-5 October, with $34.8 million paid for insured losses. To date insurers have supported their customers with 154 house and contents claims, 19 business ... More >>
Money Week 2020 - ICNZ Answers Kiwis Top Insurance Questions
Tuesday, 11 August 2020, 11:20 am | Insurance Council of New Zealand
Over the next five days ICNZ is asking Kiwis what their top insurance questions are to help improve their understanding of insurance this Money Week, 10-14 August 2020. "We know that insurance can often be confusing and complicated, and that ... More >>
Cost Of Southland February Floods Grows To $29.6m To Support Customer Recovery
Wednesday, 5 August 2020, 9:49 am | Insurance Council of New Zealand
The extent of damage caused by the February floods has been reaffirmed, with insurance customers receiving $29.6 million for weather related losses. The cost to support customers recover from the flood, that saw a state of emergency declared in Southland, ... More >>
Fire Service Must Be Funded As An Emergency Service
Tuesday, 30 June 2020, 11:18 am | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) is calling on political parties to back our volunteer and paid firefighters by funding them appropriately for their services much like the Police are funded. The comment follows the publication of the summary ... More >>
Customers Get $20 Million From Their Insurers For First Flood Of 2020
Monday, 4 May 2020, 11:17 am | Insurance Council of New Zealand
Insurance customers received $19.7 million to meet losses from the February 2020 floods that lead to a state of emergency being declared in Southland, Fiordland and Clutha. The preliminary figures show the severity of the event which affected the ... More >>
ICNZ Clarifies Extent Of COVID-19 Impacts On Motor Insurance
Wednesday, 22 April 2020, 11:37 am | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) welcomes the announcement from Finity Consulting that savings on personal motor claims will amount to approximately $35 million during the four-week Level 4 period. Tim Grafton, CE ICNZ, says the independent ... More >>
ICNZ Reaffirms Proactive Steps Of Industry To Support Its Customers
Friday, 17 April 2020, 10:42 am | Insurance Council of New Zealand
The Insurance Council of New Zealand says that contrary to some reports the insurance industry acted fast and early to actively support its customers facing increased financial hardship. "Since March, our members have ensured they are fully open ... More >>
ICNZ Respond To The Release Of The Public Inquiry Into The Earthquake Commission
Thursday, 9 April 2020, 1:49 pm | Insurance Council of New Zealand
The ICNZ has today acknowledge the release of the Review of the Earthquake Commission (EQC) by Dame Silvia Cartwright, culminating more than a year of engagement. Commenting on the release of the review Tim Grafton, CE Insurance Council of New Zealand, says ... More >>
Fair Insurance Code Helps To Improve Accessibility And Understanding Of Insurance
Tuesday, 31 March 2020, 11:30 am | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) has today launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their customers ... More >>
New Zealand Insurers Agree To Sector Wide Pledge To Support Customers During Covid-19 Crisis
Monday, 30 March 2020, 3:12 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) and its members have announced a set of core principles they have each pledged to use to guide their individual response to support their customers and suppliers during the Covid-19 crisis. Tim Grafton, ... More >>
ICNZ Confirms Insurers Here To Help Customers During New Zealand’s Alert Level 4 Period
Wednesday, 25 March 2020, 5:25 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) has welcomed the confirmation from the New Zealand Government that insurance is one of the identified essential services to New Zealanders during the Covid-19 Alert Level 4 period - in place from 11:59 ... More >>
Travel Advisory - Coronavirus (COVID-19) And Travel Insurance Update 3 March
Tuesday, 3 March 2020, 11:12 am | Insurance Council of New Zealand
As the Coronavirus situation continues to develop the Insurance Council of New Zealand is urging those who have purchased travel insurance to speak with their insurer to clarify what cover they may have. ‘’While some insurers continue to offer cover, ... More >>
2019 Weather Related Loses Reach $118.8m
Monday, 2 March 2020, 9:46 am | Insurance Council of New Zealand
Provisional results show that insurers spent more than $118.8 million last year supporting their customers recover from the impact of severe weather events, with over 18,000 claims made. "What was looking to be a benign year for extreme events ... More >>
Insurers mobilise NZ wide to help Timaru
Wednesday, 4 December 2019, 4:55 pm | Insurance Council of New Zealand
Tim Grafton, ICNZ Chief Executive says that the industry has mobilised New Zealand wide to help Timaru. Drive through assessment stations have been set up for ‘on-the-ground’ support and specialists brought in from overseas to help with repairs. More >>
ICNZ welcomes reforms to insurance contract law
Wednesday, 4 December 2019, 8:48 am | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) welcomes moves announced today by Minister of Commerce and Consumer Affairs Kris Faafoi to reform insurance contract law. More >>
ICNZ position on Wellington Mayoral Taskforce recommendation
Wednesday, 9 October 2019, 4:30 pm | Insurance Council of New Zealand
The Wellington Mayoral Taskforce was set up in response to anecdotal claims that insurance premiums, particularly for commercial property including apartment dwellers, were unaffordable. Insurance premiums have risen sharply over the last two to three ... More >>
