Auckland floods
Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed
1st Apr 25, 2:35pm
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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
4th Dec 24, 7:26am
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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
5th Sep 24, 11:57am
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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
16th Jul 24, 12:57pm
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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
28th May 24, 10:04am
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
9th May 24, 10:14am
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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
5th Apr 24, 7:42am
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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
18th Mar 24, 1:30pm
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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
30th Jan 24, 1:31pm
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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
27th Jan 24, 9:35am
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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
12th Dec 23, 9:35am
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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
23rd Nov 23, 11:00am
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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
20th Nov 23, 10:49am
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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
23rd Aug 23, 4:26pm
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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
15th Aug 23, 10:46am
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Creating ‘sponge cities’ to cope with more rainfall needn’t cost billions – but NZ has to start now
Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
19th Jul 23, 10:11am
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Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
Auckland University's Martin Brook on how this year's extreme weather shows we need a more holistic storm preparation and response approach
25th Jun 23, 6:10am
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Auckland University's Martin Brook on how this year's extreme weather shows we need a more holistic storm preparation and response approach
Insurance Council says a little over a third of claims have so far been paid out for the twin weather events early this year; warns some claims could take over a year to settle
22nd Jun 23, 10:34am
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Insurance Council says a little over a third of claims have so far been paid out for the twin weather events early this year; warns some claims could take over a year to settle
Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
13th Jun 23, 1:37pm
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Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
The total cost of buying flood risk homes could be $1 billion but critical details still awaited
1st Jun 23, 5:23pm
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The total cost of buying flood risk homes could be $1 billion but critical details still awaited
Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
25th May 23, 10:42am
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Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
8th May 23, 10:23am
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Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
[updated]
Half-year profit drops for Westpac NZ as bank warns of worsening economic outlook
8th May 23, 10:15am
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Half-year profit drops for Westpac NZ as bank warns of worsening economic outlook
BNZ CEO Dan Huggins says vast majority of customers coping with higher mortgage rates so far, Commerce Commission market study not necessary
5th May 23, 9:16am
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BNZ CEO Dan Huggins says vast majority of customers coping with higher mortgage rates so far, Commerce Commission market study not necessary
NZ inflation 0.4% higher as a result of North Island weather events: Treasury estimate
27th Apr 23, 4:09pm
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NZ inflation 0.4% higher as a result of North Island weather events: Treasury estimate