Insurance Council of New Zealand

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Insurance Council of New Zealand - Latest News [Page 4]

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 >>

ICNZ generally supportive of consumer protection changes

Wednesday, 25 September 2019, 1:45 pm | Insurance Council of New Zealand

ICNZ and its members are generally supportive of the proposed changes to legislation around financial institutions’ conduct, announced today by Minister Faafoi. More >>

Insurance advisory for people affected by Nelson fires

Wednesday, 13 February 2019, 3:01 pm | Insurance Council of New Zealand

Residents who’ve suffered property damage or evacuation due to the Nelson fires are being advised to take care when returning to their properties and to get in touch with their insurer. More >>

Summer safety tips for campers

Monday, 14 January 2019, 9:04 am | Insurance Council of New Zealand

It’s summertime, which means it’s the best time of year to camp. While most people just want to relax, ICNZ is reminding people to check their contents cover is up to date to ensure they don’t find themselves bearing unnecessary, and sometimes ... More >>

Insurers pay $226m to support recovery from extreme weather

Thursday, 13 December 2018, 12:09 pm | Insurance Council of New Zealand

The severe weather stats place 2018 as the second most expensive year for severe weather events since 1969, with 33,064 claims costing $226.4 million. 2018 fell just short of 2017’s record, a year in which severe weather events cost insurers $243 ... More >>

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