Insurers are supporting their customers following the severe weather that continues to track over the North Island, resulting in flooding and landslips in Napier overnight (Monday 9 November). The Insurance Council of New Zealand (ICNZ) and The Earthquake Commission (EQC) encourage anyone affected to contact their insurer. “Your insurer is there to support you and …
INSURERS SUPPORT CUSTOMERS AFFECTED BY SEVERE WEATHER Read More »
Almost a year on and the cost of the Timaru hailstorm, that went through Timaru on 20 November 2019, has increased again, with insured losses now totalling $170 million. Tim Grafton, CE ICNZ, says the revised figure reflects the true cost of weather events and reiterates the important role of insurance to support the recovery …
The Earthquake Commission (EQC) and private insurers have today announced a new partnership that will provide an improved, more collaborative approach to supporting New Zealanders through natural disasters in the future. Under the new partnership, from the second quarter of 2021 anyone with home insurance whose home or land is damaged in a natural disaster …
The Insurance Council of New Zealand and its members have recently been made aware of a car part supplier allegedly misrepresenting car parts as genuine to New Zealand repairers. Tim Grafton, Chief Executive ICNZ, says; “We understand that since late last year a supplier has provided car parts as car manufacture branded when they are …
CAR INSURERS INVESTIGATE MISREPRESENTATION OF CAR PARTS Read More »
Preliminary figures released today by the Insurance Council of New Zealand reaffirm the extent of damage the July Northland floods left behind, with $37m paid to date by insurers to support their customers’ recovery. Tim Grafton, CE Insurance Council of New Zealand, says the flood is another reminder of the damage unforeseen events can leave …
INSURERS PAY $37M TO SUPPORT NORTHLAND FLOOD RECOVERY Read More »
Preliminary figures for the tornado and storm that ripped through the upper North Island on 26-27 June have seen insured losses reach $10.8million. The fierce winds and tornado led to widespread damage throughout the greater Auckland region, with close to 1,100 claims received to date by insurers. “Costs to recover from freak storms like this …
RECOVERY FROM FREAK TORNADO STORM SEES INSURANCE CUSTOMERS CLAIM $10.8M Read More »
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Insurance Council of New Zealand (ICNZ) are pleased to announce submissions are open for the 2020 ICNZ and ANZIIF Scholarship. The scholarship recognises industry professionalism and leadership potential in young insurance professionals from New Zealand. The scholarship winner will be awarded with a …
APPLICATIONS NOW OPEN FOR 2020 ICNZ ANZIIF SCHOLARSHIP Read More »
Over the next five days ICNZ is asking Kiwis what their top insurance questions are to help improve their understanding of insurance this Money Week, 10-14 August 2020. “We know that insurance can often be confusing and complicated, and that we all have questions about insurance – whether it is how to save on your …
MONEY WEEK 2020 – ICNZ ANSWERS KIWIS TOP INSURANCE QUESTIONS Read More »
Myth 1: Insurance companies always look for ways to decline a claim rather than pay a claim In fact, more than 90% of all claims are paid. The vast majority that are not, are claims that have been withdrawn because they’re for less than the policy excess, outside the scope of the policy or people not …
The extent of damage caused by the February floods has been reaffirmed, with insurance customers receiving $29.6 million for weather related losses. The cost to support customers recover from the flood, that saw a state of emergency declared in Southland, Fiordland and Clutha, increased significantly from the preliminary figure of $19.7 million in early May. …
COST OF SOUTHLAND FEBRUARY FLOODS GROWS TO $29.6M TO SUPPORT CUSTOMER RECOVERY Read More »
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