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Insurance Council of New Zealand - Latest News [Page 6]
Failure to comply with building standards, Wellington
Wednesday, 23 November 2016, 12:34 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand believes a significant cause of damage to commercial property buildings following the 14 November Kaikoura earthquake series is a failure to comply with non-structural, seismic restraint guidelines. More >>
Earthquake insurance advisory: Temporary Accommodation
Friday, 18 November 2016, 10:47 am | Insurance Council of New Zealand
The Insurance Council of New Zealand advise people who have uninhabitable homes due to earthquake damage to contact their insurer directly for help with temporary accommodation. Most home policies as well as contents policies provide cover for ... More >>
Earthquake insurance advisory
Monday, 14 November 2016, 10:18 am | Insurance Council of New Zealand
The Insurance Council of New Zealand are advising people to contact their insurer as well as the Earthquake Commission as a result of the earthquakes in the early hours of this morning. People who have suffered damage to their home, land or contents ... More >>
ICNZ welcomes new rules on water damaged cars
Thursday, 8 September 2016, 10:46 am | Insurance Council of New Zealand
The Insurance Council of New Zealand welcomed the announcement today from NZTA that water damaged light vehicles will now need electrical and pyrotechnic safety components replaced. More >>
Substandard Steel Mesh - ICNZ reassures homeowners
Thursday, 1 September 2016, 5:21 pm | Insurance Council of New Zealand
“People with home and contents insurance in houses built with steel slabs using sub-standard steel mesh in the last four years should not be unduly concerned about their insurance coverage. More >>
Youi and Commerce Commission charges
Friday, 12 August 2016, 11:38 am | Insurance Council of New Zealand
“The Insurance Council of New Zealand is disappointed with the actions and processes at Youi, which have led to the Commerce Commission laying charges in the Auckland District Court. Youi has advised the ICNZ that it has speedily implemented all required ... More >>
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 >>
