The storm that packed a month of rain into 24 hours has resulted in insured costs of $61.7m the Insurance Council of New Zealand reported today. The storm dubbed the Tasman Tempest hit Auckland and the Coromandel over 7 to 12 March 2017 with the township of Whangamata being hit the hardest. Provisional data released …
A panel beater skill shortage is causing delays in repairing insurance customers’ cars, not insurer red tape, the Insurance Council reported today. “Neil Pritchard from the Collision Repair Association’s (CRA) claim that bureaucracy is slowing down car repairs is an empty beat up to disguise the failure to address his industry’s skill shortages” said Insurance …
PANEL BEATER SKILL SHORTAGE CAUSING COLLISION REPAIRS DELAYS, NOT INSURER RED TAPE Read More »
The Insurance Council of New Zealand supports the new standard for methamphetamine contamination, sampling and testing announced recently by the government. “There are numerous conflicting messages about meth contamination and insurers have seen increasing numbers of claims from property owners who are faced with levels of contamination from tenants passively smoking P right through to …
The Insurance Council of New Zealand supports the thrust of the reforms to the EQC Act announced by the Government today, but seeks a clear expectation that insurers should be responsible for assessing and managing claims for house damage. “The high-level decisions announced today are good step toward creating a better scheme for New Zealanders” …
INSURANCE COUNCIL SUPPORTS THRUST OF EQC REFORMS Read More »
The total value of insurance claims for the 14 November Kaikōura earthquake as at 31 May 2017 is $1.84 billion the Insurance Council reported today. Private insurers have received nearly 43,000 claims, of which over 31,000 are for residential properties. Insurers are acting as agents for the Earthquake Commission (EQC) and are managing most of …
PRIVATE INSURERS RECEIVE $1.8B KAIKŌURA EARTHQUAKE CLAIMS Read More »
The two cyclones that pounded New Zealand during April and caused residents of Edgecumbe to be evacuated have resulted in insured costs of $84 million the Insurance Council of New Zealand reported today. The tail end of Cyclone Debbie which passed over New Zealand between 3 and 7 April cost insurers $66.4 million followed closely …
Major increases in taxes and levies on people who insure their homes could see low income households not able to protect themselves from disasters the Insurance Council of New Zealand said today. “By the end of this year households will see the levies and taxes on people who insure themselves sky rocket. From 1 July …
The storm that packed a month of rain into 24 hours has resulted in insured costs of $41.7m the Insurance Council of New Zealand reported today. The storm dubbed the Tasman Tempest hit Auckland and the Coromandel over 7 to 12 March 2017 with the township of Whangamata being hit the hardest. Provisional data released …
A new partnership has been set up to help some of the most financially vulnerable people cope when misfortune strikes. The Commission for Financial Capability is linking up with the Insurance Council of New Zealand to develop and run a programme for people in M?ori and Pasifika communities. The aim is to give those communities …
The wildfires that swept over the Port Hills of Christchurch in February has cost insurers $17.7 million dollars, the Insurance Council of New Zealand reported today. Two separate fires, several kilometres apart, started on 13 February and by 15 February the fires had combined to one large area. Provisional data released today show that $10.2m …
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