Auckland floods

Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed

Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed

Natural Hazards Commission says the current natural hazards insurance levy is ‘insufficient’ and would need to be 50% higher to break even

Natural Hazards Commission says the current natural hazards insurance levy is ‘insufficient’ and would need to be 50% higher to break even

Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise

Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise

Insurance Council tells Parliament’s Finance and Expenditure Committee natural hazard events are affecting global reinsurers’ view of NZ

Insurance Council tells Parliament’s Finance and Expenditure Committee natural hazard events are affecting global reinsurers’ view of NZ

General insurer Tower reports 20% growth of $291 million in gross written premiums in 2024 first-half result

General insurer Tower reports 20% growth of $291 million in gross written premiums in 2024 first-half result

IAG says 86% of home buyers and renters now have climate risks front of mind when looking at property

IAG says 86% of home buyers and renters now have climate risks front of mind when looking at property

Could insurers afford a Canterbury-sized earthquake in Wellington? ICNZ’s departing CEO Tim Grafton says it raises ‘some questions’ around reinsurance affordability

Could insurers afford a Canterbury-sized earthquake in Wellington? ICNZ’s departing CEO Tim Grafton says it raises ‘some questions’ around reinsurance affordability

Aon New Zealand climate report highlights New Zealand among list of countries with some of the costliest weather-related insurance events on record

Aon New Zealand climate report highlights New Zealand among list of countries with some of the costliest weather-related insurance events on record

NZIER says barriers to climate adaptation investment need to be addressed while resilience investment needs to be incentivised

NZIER says barriers to climate adaptation investment need to be addressed while resilience investment needs to be incentivised

Simon Watts says the Government is ‘moving at pace’ to get adaption framework underway as insurers reflect on last year’s North Island flooding disasters

Simon Watts says the Government is ‘moving at pace’ to get adaption framework underway as insurers reflect on last year’s North Island flooding disasters

Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid

Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid

Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance

Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance

IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle

IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle

Homeowners who sell their weather damaged properties to local councils will not be subject to the bright-line test, Revenue Minister Barbara Edmonds says

Homeowners who sell their weather damaged properties to local councils will not be subject to the bright-line test, Revenue Minister Barbara Edmonds says

Creating ‘sponge cities’ to cope with more rainfall needn’t cost billions – but NZ has to start now

Creating ‘sponge cities’ to cope with more rainfall needn’t cost billions – but NZ has to start now