The Insurance Council of New Zealand is supporting the decision by the Government to exempt travel insurance and insurance on certain types of property from having to pay the Fire Service Levy. “While we oppose the policy of taxing people who insure themselves to pay for the public good provided by Fire and Emergency New …
INSURANCE COUNCIL SUPPORTS EXEMPTIONS FROM FIRE SERVICE LEVY Read More »
The Insurance Council of New Zealand says the Parliamentary Commissioner for the Environment’s recommendations on long-term planning for climate change fell short in not dealing with how New Zealand should adapt to climate change. “The Commissioner’s report Stepping Stones to Paris and Beyond borrows extensively from the United Kingdom’s approach to addressing how to mitigate climate change. …
HOW NEW ZEALAND ADAPTS TO CLIMATE CHANGE NEEDS STRONGER PUSH Read More »
The Insurance Council of New Zealand advise people who have uninhabitable homes due to flood damage to contact their insurer directly for help with temporary accommodation. “Reports in today suggest that some people may be displaced from their homes for quite some time and in some areas of the South Island it may take two …
With heavy rainfall expected in Dunedin and parts of Canterbury receiving up to 180mm before noon Saturday, the Insurance Council of NZ is urging people in the region to be prepared for flooding. “We want to help communities to reduce the risks they face. If you can get as much of your home contents out …
INSURANCE FLOOD ADVISORY FOR OTAGO AND CANTERBURY RESIDENTS Read More »
Private insurers have paid out over half a billion dollars in claims from the 14 November earthquake, with $108 million paid to customers in the month of June, the Insurance Council reported today. “Progress is moving at a rapid pace and we have a high level of confidence that the majority of people will have …
PRIVATE INSURERS PAID OUT $0.5 BILLION KAIKŌURA EARTHQUAKE CLAIMS Read More »
The storm that packed a month of rain into 24 hours has resulted in insured costs of $61.7m the Insurance Council of New Zealand reported today. The storm dubbed the Tasman Tempest hit Auckland and the Coromandel over 7 to 12 March 2017 with the township of Whangamata being hit the hardest. Provisional data released …
A panel beater skill shortage is causing delays in repairing insurance customers’ cars, not insurer red tape, the Insurance Council reported today. “Neil Pritchard from the Collision Repair Association’s (CRA) claim that bureaucracy is slowing down car repairs is an empty beat up to disguise the failure to address his industry’s skill shortages” said Insurance …
PANEL BEATER SKILL SHORTAGE CAUSING COLLISION REPAIRS DELAYS, NOT INSURER RED TAPE Read More »
The Insurance Council of New Zealand supports the new standard for methamphetamine contamination, sampling and testing announced recently by the government. “There are numerous conflicting messages about meth contamination and insurers have seen increasing numbers of claims from property owners who are faced with levels of contamination from tenants passively smoking P right through to …
The Insurance Council of New Zealand supports the thrust of the reforms to the EQC Act announced by the Government today, but seeks a clear expectation that insurers should be responsible for assessing and managing claims for house damage. “The high-level decisions announced today are good step toward creating a better scheme for New Zealanders” …
INSURANCE COUNCIL SUPPORTS THRUST OF EQC REFORMS Read More »
The total value of insurance claims for the 14 November Kaikōura earthquake as at 31 May 2017 is $1.84 billion the Insurance Council reported today. Private insurers have received nearly 43,000 claims, of which over 31,000 are for residential properties. Insurers are acting as agents for the Earthquake Commission (EQC) and are managing most of …
PRIVATE INSURERS RECEIVE $1.8B KAIKŌURA EARTHQUAKE CLAIMS Read More »
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