The Insurance Council is pleased to report this morning that nearly all insurance claims have been partially or fully settled one year on from the Edgecumbe floods. The banks of the Rangitāiki River burst through a flood bank at Easter in 2017, causing massive flooding and widespread, severe damage to the township of Edgecumbe. One …
The Insurance Council welcomed the release of the terms of reference for the Insurance Contracts Law Review on Tuesday. “We welcome the review and look forward to contributing to it,” said Insurance Council Chief Executive, Tim Grafton. “There are currently a large number of laws that impact on insurance contracts in New Zealand. This review …
GENERAL INSURERS WELCOME REVIEW OF INSURANCE CONTRACTS LAW Read More »
Climate change adaptation has once again taken a back to seat to carbon budgets in the latest report by the Parliamentary Commissioner for the Environment (PCE), says the Insurance Council of NZ. ICNZ’s comments follow the release this afternoon of a PCE report on the establishment of a climate change commission and legislation to enact …
ADAPTING TO CLIMATE CHANGE NEEDS TO BE A TOP PRIORITY Read More »
Figures released by the Insurance Council this morning show the provisional cost to insurers of the first storm of 2018 is likely to exceed $27 million. The total provisional cost, which encompasses claims made to private insurers in the first 6 weeks after the 4-7 January event, has come in at $26.7 million. “The storm …
https://www.icnz.org.nz/ The Insurance Council is advising people affected by Cyclone Gita to contact their insurers directly. “It’s important to remember to contact your insurer as soon as possible if there is any damage to your property, including your house, contents, vehicle, business or boat. If people have suffered land damage, they can lodge a claim with …
ICNZ URGES PEOPLE AFFECTED BY GITA TO CONTACT THEIR INSURERS Read More »
The Insurance Council is advising people to take the time today to prepare their properties for Cyclone Gita. Gita is due to make landfall at Wellington and on the West Coast around 10 o’clock tonight. With it, it’s forecast to bring strong winds and heavy rain. It caused devastating, widespread damage as it tracked across …
Insurers settled 70,000 claims arising from extreme events in 2017. These included claims arising from the Kaikōura earthquake, extreme weather events and residual Canterbury claims. “2017 was a year that tested the insurance sector’s ability to meet people’s needs at some of the most stressful times in their lives,” said Insurance Council Chief Executive, Tim …
INSURERS SETTLE RECORD NUMBER OF EXTREME EVENT CLAIMS IN 2017 Read More »
The Insurance Council is advising people affected by recent heavy rain and flooding to be cautious with their own safety and to contact their insurer as soon as they’re able. “When it’s safe to do so, take pictures of any flooding or weather-related damage – this will help your insurer with their assessment when you …
COUNCIL URGES CAUTION IN FACE OF EXTREME WEATHER Read More »
The Kaikōura earthquake recovery is progressing well, according to new data out today from the Insurance Council of NZ. Figures released this morning show that the insurance sector has exceeded its goal of having a majority of claims settled by the end of 2017. At 31 December, 88% of all domestic claims had been partially- …
Thousands of Kiwis are currently booking winter getaways to battle their back-to-work blues, and the Insurance Council is advising them to consider travel insurance when they book. One in five travellers don’t take out travel insurance and almost half of travellers think insurance only starts once they start travelling. “The chance of something beyond travellers’ …
ADVICE FOR KIWIS BATTLING BACK-TO-WORK BLUES BY BOOKING WINTER GETAWAYS Read More »
©Insurance Council of New Zealand | Te Kahui Inihua o Aotearoa Privacy Policy
