$72M APRIL STORM SHOWS NEED FOR ADAPTATION
The April storm that swept the country and cut power for days for thousands of Aucklanders has resulted in over 13,000 claims costing more than $72m, the Insurance Council of …
JANUARY STORM COST INSURERS MORE THAN $34M
Figures released by the Insurance Council this morning show the final cost to private insurers of the storm that hit in early-January was nearly $34.2 million. More than 4,200 claims …
INSURANCE ADVISORY FOR PEOPLE AFFECTED BY LATE-APRIL FLOODING
The Insurance Council is advising people affected by the flooding across New Zealand this weekend to contact their insurance providers as soon as possible. “It’s important to contact your insurer …
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INSURERS PROVIDE $93.5M OF SUPPORT TO COMMUNITIES
Insurers have provided more than $93 million in support and assistance to communities this year. Three major storms struck New Zealand in the first quarter of 2018: the January storms, …
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CYCLONE FEHI SET TO COST MORE THAN $39M
The Insurance Council this morning released provisional stats on Cyclone Fehi showing the storm had already cost insurers almost $38.5 million. Cyclone Fehi hit New Zealand on 1 February, causing …
ICNZ SUPPORTS EQC ACT CHANGES
The Insurance Council of New Zealand is welcoming the changes to the EQC Act announced this morning by the Government. “This morning’s announcement is the first step in improving the …
EDGECUMBE FLOOD ALMOST ALL MOPPED UP
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 …
GENERAL INSURERS WELCOME REVIEW OF INSURANCE CONTRACTS LAW
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,” …
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ADAPTING TO CLIMATE CHANGE NEEDS TO BE A TOP PRIORITY
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 …
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FIRST STORM OF 2018 COSTS MORE THAN $26M
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, …
