Provisional general insurance claims data for Cyclone Gabrielle have been released by the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ). Over 40,000 claims have been recorded to date worth around $890 million for Cyclone Gabrielle of which around $70m has been paid. “Aotearoa New Zealand’s insurers have so far paid out …
Provisional Cyclone Gabrielle claims reach $890m Read More »
A new report from the Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant, and growing, annual global insurance protection gaps, two of which are of particular concern for Aotearoa New Zealand in the area of general insurance. The report, Global Protection Gaps and Recommendations for Bridging Them, highlights global shortfalls …
Global insurance gap report highlights local issues Read More »
Provisional general insurance claims data for the Auckland Anniversary Weekend flood event have been released by the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ). “While it is still early days, around $111 million of insurance support has already been paid into communities as part of what will be a long recovery”, …
Insurers’ support for the weather bombs $111 million to date Read More »
Insurers are urging buyers to look for signs of water damage and to check Waka Kotahi’s written off vehicle register when buying a vehicle so they can make well informed decisions. Between 1 and 22 February, 524 vehicles were added to the register as write-offs with the water damage annotation. “Until they are properly repaired …
Insurers: buyers beware of flood damaged vehicles Read More »
Note – this was distributed via local civil defense organisations and to local media for them to distribute through channels other than on-line ones. It is posted here for the record. Advice follows on what people affected by Cyclone Gabrielle can do to begin their recovery from an insurance perspective in Hawke’s Bay and …
Insurers welcome the announcement of the New Zealand Claims Resolution Service (NZCRS) for property owners with house insurance as part of the response to natural disasters including the growing number of climate-driven extreme weather events that are leading to an unprecedented number of insurance claims. “People must still make their insurer their first point of …
Insurers welcome New Zealand Claims Resolution Service Read More »
Aotearoa New Zealand must not lose the opportunity to build back better from the catastrophic extreme weather events of the past two weeks, says the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ). “Repairing and rebuilding property and infrastructure in high-risk areas to the same specifications as the past will only lead …
Insurers are prepared to handle the many claims that will arise from Cyclone Gabrielle from across the motu. People should try to register their claims on-line, leaving phone lines free for those who need the most urgent assistance. “While Gabrielle is yet to pass, insurers are already prepared with all available staff on hand to …
Insurers braced for Gabrielle claims as 27 Jan to 2 Feb claims pass 40,000 Read More »
Act now to protect yourselves and your property before Cyclone Gabrielle is expected to bring extreme winds and rain, and likely more slips and flooding, to Te Ika-a-Māui The North Island. Authorities and the media are doing a great job of warning people and giving much excellent general advice ahead of what is expected to …
As we approach one week since Aotearoa New Zealand’s largest climate event, the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) provides the following updates. Advice for customers If you are displaced from your home or in need of emergency help as a result of this climate event, call your insurer and …
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