The Insurance Council of New Zealand is urging New Zealanders to take steps to protect their homes from thieves this Christmas. “Burglaries are a problem all year round, but they’re particularly prevalent at Christmas,” says ICNZ Chief Executive, Tim Grafton. “We know that 1 in 5 Kiwis don’t bother taking out insurance to cover their …
The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. “These figures are a clear sign of the impact climate change is having on our country,” said ICNZ Chief Executive, Tim Grafton. “As …
2017 WORST YEAR ON RECORD FOR WEATHER-RELATED LOSSES Read More »
The Insurance Council of NZ is encouraging consumers of insurance and community and consumer groups to have their say on the review of the Fair Insurance Code. The Code sets high standards for general insurers who are members of ICNZ in all their dealings with consumers and small businesses. ICNZ members provide cover for over …
INSURANCE COUNCIL SEEKS SUBMISSIONS ON REVIEW OF FAIR INSURANCE CODE Read More »
The Insurance Council of New Zealand (ICNZ) welcomes moves announced today by Minister of Commerce and Consumer Affairs Kris Faafoi to reform insurance contract law. Tim Grafton, Chief Executive ICNZ, says the current legislation is outdated and needs to be consolidated into a single piece of law. “This is a highly technical area and we …
The Insurance Council of NZ is advising residents of Roxburgh and Roxburgh Lakes affected by the weekend’s flooding to be safe when recovering belongings damaged in the flooding and to contact their insurer as soon as possible. The Council recommends people to take photos of any damaged possessions or property and contact their insurance company …
Insurance Council of New Zealand advised people today that if they are about to travel to Bali and have concerns about travelling they should contact their airline or other travel provider they booked with first, and then their travel insurer to discuss their options. “If you face extra costs or lose out on something you …
TRAVEL INSURANCE ADVISORY: BALI VOLCANIC ERUPTION Read More »
New Zealand small businesses are lagging in their uptake of cyber protection compared with their Australian counterparts the Insurance Council of New Zealand reported today. Only 6% of SMEs in New Zealand have cyber insurance, compared with 14% in Australia, leaving many kiwis vulnerable to an attack. Insurance Council Chief Executive Tim Grafton said “big …
Private insurers are on track to meet their target of having the majority of Kaikōura earthquake settlements complete by year-end the Insurance Council of New Zealand reported today. Private insurers have fully settled 69% of all residential and commercial claims for the 14 November earthquake. Next week will be a year since the second largest …
VAST MAJORITY OF KAIKŌURA INSURANCE SETTLEMENTS COMPLETE BY YEAR-END Read More »
The Insurance Council of New Zealand welcomes the Deep South report out today on climate change and stormwater and wastewater systems which highlights the need for a long term approach to adapting to climate change. “The report is timely and draws attention to a matter that insurers have been dealing with for many years. More …
Travellers caught up in the jet fuel shortage are advised to contact their airline or other travel provider they booked with first, and then their travel insurer if needed the Insurance Council advised today. “If you face extra costs or lose out on something you pre-booked, your travel insurer may pay those extra costs or …
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