INSURANCE COUNCIL OF NZ DISCIPLINES YOUI
Following a disciplinary process, the Board of the Insurance Council of New Zealand (ICNZ) announced today Youi NZ Pty Ltd will pay the maximum financial penalty of $100,000 and has …
Media Releases
ICNZ WELCOMES NEW RULES ON WATER DAMAGED CARS
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. Tim Grafton Insurance Council …
INSURERS SETTLE $18 BILLION CANTERBURY CLAIMS
The Insurance Council of New Zealand announced today that private insurers have paid out over $18 billion to settle commercial and residential claims since the Canterbury earthquakes in 2010 and …
MARCH WEATHER COST INSURERS $30M
Two days of wild weather in March that caused several rivers to overflow has cost insurers $30 million dollars, the Insurance Council of New Zealand reported today. Hundreds of people …
ICNZ SUPPORTS DISCLOSURE OF BROKER COMMISSIONS
The Insurance Council of New Zealand supports the broad outline of proposals to lift the quality of financial advice released by Commerce and Consumer Affairs Minister Paul Goldsmith today. “We …
INSURERS SETTLED 83,000 CANTERBURY PROPERTIES, INCLUDING 20,000 OVER CAP
The Insurance Council of New Zealand announced today that private insurers have settled 20,000 Canterbury earthquake over cap residential property claims in its latest release of quarterly progress data. Chief …
INSURERS SETTLED 83,000 CANTERBURY PROPERTIES, INCLUDING 20,000 OVER CAP Read More »
FIRE SERVICE FUNDING – DISAPPOINTMENT WITH POOR POLICY, BUT GREATER CLARITY WELCOMED
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 …
FIRE SERVICE FUNDING – DISAPPOINTMENT WITH POOR POLICY, BUT GREATER CLARITY WELCOMED Read More »
INSURERS SETTLE 20% MORE CLAIMS IN 2015
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 …
