Insurance support for communities around the country hit by extreme weather events has hit a new annual record of $248m, with insurance customers making more than 13,600 weather related claims for the twelve months to December 2020. The revised figure includes the preliminary cost of the severe weather and floods across the Greater Wellington region …

2020 THE COSTLIEST YEAR FOR SEVERE WEATHER – CUSTOMERS GET $248M SUPPORT FROM INSURERS Read More »

Preliminary figures for the severe weather that kicked-off the new year for the lower South Island (2-3 January) has seen insurers pay $2.9m to their customers to help recover for the weather-related losses.   The weather event saw Metservice issue a severe thunderstorm watch for most of the country, with a specific warning for Otago …

JANUARY SOUTH ISLAND SEVERE WEATHER REACHES $2.9M IN INSURED LOSSES Read More »

Are you buying a new home attached to others? Is it being sold without a body-corporate to reduce costs and issues? The Insurance Council of New Zealand is urging all potential or existing owners of multi-unit property to check they can adequately insure their property. “If a unit is attached to other units and doesn’t …

INSURERS CAUTION HOME BUYERS TO BE WARY OF INSURANCE PITFALLS FOR MULTI-UNIT BUILDINGS Read More »

The Insurance Council of New Zealand’s preliminary annual figure for severe weather events reinforces the support provided to insurance customers, with insurers paying in excess of $202 million* in insured loses over the last 12 months. Tim Grafton, Chief Executive of ICNZ, says insurers have been there when we needed them with approximately 12,000 claims …

INSURERS PAY MORE THAN $200M TO HELP CUSTOMERS RECOVERY FROM 2020’S SEVERE WEATHER Read More »

As a coastal country it should be no surprise that approximately one in every seven Kiwis owns a boat or small pleasure craft. And in summer 2020-2021 we can expect there to be even more boats in our waters. Globally, restrictions on overseas travel has led to an increase in boating as an activity. New Zealand is …

HOW TO KEEP YOUR BOAT SAFE THIS SUMMER Read More »

The Insurance Council of New Zealand (ICNZ) is warning all vessel operators to check they comply with the necessary Maritime New Zealand safety system requirements before heading out to watch the America’s Cup races this summer. “There are some steps you need to take to ensure your insurance will still provide you cover should the …

ICNZ ISSUES ADVICE FOR BOATIES PLANNING TO CAPITALISE ON THE AMERICA’S CUP CHALLENGE RACES Read More »

Christmas is unfortunately the time of year when claims often spike, with an increase in burglaries and unexpected accidental damage at campgrounds and holiday houses. We know that one in five Kiwis don’t bother taking out insurance to cover their contents. But content insurance doesn’t just cover you for theft – it’s an important part …

PREVENT THE GRINCH FROM VISITING THIS CHRISTMAS Read More »

As issued to media by ANZIIF Friday 5 December 2020 The Insurance Council of New Zealand (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) is proud to announce Anna Graham of IAG as the winner of the 2020 ICNZ and ANZIIF Scholarship. Anna is an Operational Risk Analyst at IAG …

2020 ICNZ AND ANZIIF SCHOLARSHIP WINNER ANNOUNCED Read More »

With Christmas trees and decorations appearing around town, and summer holiday’s getting closer, there are some important things to remember to keep this season as cheerful as possible. To help keep you safe this festive season ICNZ has put together a list of Christmas Fire Safety tips. Also check out the Fire and Emergency website for resources …

FIRE SAFETY TIPS THIS CHRISTMAS SEASON Read More »

The Insurance Council of New Zealand has today released its preliminary figures for the Ohau fire, 4-5 October, with $34.8 million paid for insured losses. To date insurers have supported their customers with 154 house and contents claims, 19 business and commercial and 24 vehicle claims. A final figure for the losses will be reported …

INSURANCE CLAIMS FOR OHAU FIRE REACH $34.8M Read More »