Insurance
Natural hazards abound in New Zealand and insurance premium costs are rising, so would a broader range of insurance products be useful?
13th Dec 24, 5:00am
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Natural hazards abound in New Zealand and insurance premium costs are rising, so would a broader range of insurance products be useful?
ACC Minister Matt Doocey reveals big hikes to ACC levies and announces a review into the scheme over cost and rehabilitation concerns
12th Dec 24, 4:24pm
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ACC Minister Matt Doocey reveals big hikes to ACC levies and announces a review into the scheme over cost and rehabilitation concerns
Southern Response expects to cut at least 15 roles by June 2025 as the Government insurer works out its future
4th Dec 24, 1:25pm
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Southern Response expects to cut at least 15 roles by June 2025 as the Government insurer works out its future
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
Tower Insurance says the insurance industry is ‘particularly exposed’ to the financial consequences of climate change
30th Nov 24, 9:20am
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Tower Insurance says the insurance industry is ‘particularly exposed’ to the financial consequences of climate change
Record result for Tower Insurance following on from a ‘tough year’ as the insurer reveals big annual premium growth targets for the next three years
29th Nov 24, 9:07am
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Record result for Tower Insurance following on from a ‘tough year’ as the insurer reveals big annual premium growth targets for the next three years
Tower Insurance’s premiums closes in on $600 million, CEO says insurance premiums will stablise as inflation comes down
28th Nov 24, 9:50am
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Tower Insurance’s premiums closes in on $600 million, CEO says insurance premiums will stablise as inflation comes down
Falling house prices will be the most tangible sign climate change is driving an insurability crisis that disrupts wider financial stability, Andrew J. Hoffman says
22nd Nov 24, 10:12am
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Falling house prices will be the most tangible sign climate change is driving an insurability crisis that disrupts wider financial stability, Andrew J. Hoffman says
Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
18th Nov 24, 4:00pm
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Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
12th Nov 24, 12:35pm
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
11th Nov 24, 3:47pm
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Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
5th Nov 24, 11:17am
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Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups
2nd Nov 24, 9:04am
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Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups
ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals
24th Oct 24, 6:37am
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ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals
Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk
21st Oct 24, 1:05pm
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Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk
AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million
18th Oct 24, 2:06pm
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AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million
Clues left by the Alpine Fault’s last big quake reveal its direction – this will help NZ prepare for the inevitable next rupture
18th Oct 24, 9:26am
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Clues left by the Alpine Fault’s last big quake reveal its direction – this will help NZ prepare for the inevitable next rupture
ACC warns climate change could drive more injury claims as extreme weather risks rise, reveals $7.23 billion deficit for 2024
17th Oct 24, 4:07pm
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ACC warns climate change could drive more injury claims as extreme weather risks rise, reveals $7.23 billion deficit for 2024
Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
15th Oct 24, 5:00am
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Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
7th Oct 24, 1:47pm
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AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
US home insurance rates are rising fast – hurricanes and wildfires play a big role, but there’s more to it
4th Oct 24, 10:00am
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US home insurance rates are rising fast – hurricanes and wildfires play a big role, but there’s more to it
In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
1st Oct 24, 4:41pm
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In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
Southern Cross records annual deficit with claims up 15% and premiums up 9%
New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
23rd Sep 24, 2:53pm
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New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0
9th Sep 24, 11:55am
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General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0
