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Insurance Council of New Zealand - Latest News [Page 8]
Over $10 Billion Paid By Insurers for Canterbury Earthquake
Wednesday, 12 February 2014, 2:38 pm | Insurance Council of New Zealand
Insurers involved in the Canterbury earthquake recovery effort have paid out over $10 billion in commercial and residential settlements, according to the Insurance Council of New Zealand. More >>
Insurance Media Award launched
Thursday, 6 February 2014, 3:12 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand (ICNZ) and New Zealand Journalists Training Organisation (NZJTO) have joined forces to launch an annual media award aimed at promoting a better understanding of general insurance. The aim of the $5000 award ... More >>
Insured Losses From Central NZ Earthquakes $31 Million
Thursday, 19 December 2013, 4:53 pm | Insurance Council of New Zealand
Total insured losses from the central New Zealand earthquakes in July and August this year was $31.1 million, the Insurance Council of New Zealand reported today. More >>
20% of People Don’t Insure Their Contents
Tuesday, 17 December 2013, 4:22 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand has today provided householders with some important tips to assist with the protection of their assets over the holiday period. More >>
Insurer Canterbury Residential Claims 87% Completed
Monday, 4 November 2013, 9:03 am | Insurance Council of New Zealand
Insurers involved in the Canterbury recovery have completed or agreed resolution for 87% of their residential property claims. Data collected by CERA to 1 October 2013 confirms that of the 24,660 over cap dwellings with insurers, 21,250 are fully ... More >>
Kiwi Insurance Ill-Conceived Back to the Future Policy
Sunday, 3 November 2013, 9:57 am | Insurance Council of New Zealand
Creating a State-owned insurance company is an ill-conceived back to the future policy, says the Insurance Council of New Zealand (ICNZ). More >>
Insurance Companies Pay $320 Million Canterbury DHB Claim
Monday, 21 October 2013, 3:18 pm | Insurance Council of New Zealand
The settlement of a $320 million Canterbury District Health Board (CDHB) insurance claim is the biggest payout in New Zealand history – equalling a $320 million insurance payment to Housing New Zealand earlier this year. More >>
ICNZ Warns Country Must Adapt to Extreme Weather Events
Wednesday, 16 October 2013, 9:31 am | Insurance Council of New Zealand
The cost of insured damage from extreme weather events for 2013 is likely to be over $100 million, making it the most costly year from storms in New Zealand since 2004, according to the Insurance Council of New Zealand. More >>
Court Ruling: Council Cannot Impose Higher Repair Standards
Tuesday, 8 October 2013, 5:04 pm | Insurance Council of New Zealand
The Insurance Council has welcomed a Court of Appeal ruling upholding a High Court decision that the Christchurch City Council could not set a higher-than-minimum seismic strength standard for repair to earthquake damaged buildings. More >>
Insurance Council Welcomes Government Funding Research
Friday, 4 October 2013, 12:57 pm | Insurance Council of New Zealand
The Insurance Council of New Zealand has welcomed Government’s announcement that up to $201 million will be spent on scientific research aimed at strengthening New Zealand’s resilience to natural hazards. More >>
Final Insured Cost of April 2013 Storms $46.2 Million
Tuesday, 10 September 2013, 2:39 pm | Insurance Council of New Zealand
The final insured cost of the April 2013 storms that flooded parts of Nelson and the Bay of Plenty have come in at $46.2 million. The Nelson/Tasman district was the most badly damaged with insured costs mounting to $33.7 million which was about evenly ... More >>
Pacific Blu Not an Inurance Council Member
Tuesday, 10 September 2013, 1:32 pm | Insurance Council of New Zealand
New Zealand-based company Pacific Blu LP is not a member of the Insurance Council of New Zealand and does not have recourse to the Fair Insurance Code. The Financial Conduct Authority (FCA) in the United Kingdom has ordered firms to stop selling home ... More >>
80% of Chch Residential Earthquake Claims Completed
Wednesday, 4 September 2013, 10:26 am | Insurance Council of New Zealand
Private insurance companies have made significant progress in resolving Canterbury residential property earthquake claims, with 80 percent having been completed, resolved or scheduled for completion. More >>
Provisional Cost of June Storm Over $33 Million
Friday, 2 August 2013, 11:53 am | Insurance Council of New Zealand
More than $33 million of insured damage was caused by the storm that hit the country at the end of June 2013, the Insurance Council of New Zealand reported today. More >>
Too Early to Estimate Extent of Insured Damage
Tuesday, 23 July 2013, 8:42 am | Insurance Council of New Zealand
The Insurance Council is advising commercial customers to contact their broker or insurer about any claims following the earthquakes in central New Zealand over the weekend. Residential customers should contact EQC in the first instance. More >>
