The Insurance Council of NZ advises people affected by flood damage with the weather related events in the Upper North Island to contact their insurer as soon as possible. “After keeping yourself safe, taking photographic evidence of the flooding and damage to your property will help with your claims assessment and if you need to …
INSURANCE ADVISORY: FLOODING IN UPPER NORTH ISLAND Read More »
The Insurance Council of New Zealand is asking Internal Affairs Minister and United Future Leader to come clean about how he would fund a national emergency response service. “Mr Dunne is currently proposing a 40% increase on 1 July in the tax that people who insure their properties pay to fund the merger of New …
INSURANCE COUNCIL ASKS DUNNE TO COME CLEAN ON FUNDING EMERGENCY SERVICES Read More »
The Insurance Council of New Zealand released today its first Fair Insurance Code annual report of the number of claims received, the number of complaints made to internal and external dispute resolution schemes, along with the number of significant breaches. Insurance Council Chief Executive Tim Grafton said “Fourteen upheld complaints out of over 1.12 million …
The Insurance Council of New Zealand announced today that private insurers have paid out nearly $2.7 billion in 2016 to settle commercial and residential claims resulting from the 2010 and 2011 Canterbury earthquakes. Of the $2.7 billion, $1.6 billion was for domestic claims and $1.1 billion was commercial claim payments. In 2016 private insurers settled …
INSURERS SETTLE $2.7 BILLION CANTERBURY CLAIMS IN 2016 Read More »
The Insurance Council of New Zealand announced today that private insurers have received business claims valued at more than $900 million from the 14 November 2016 Kaikoura earthquake. Insurance Council Chief Executive Tim Grafton said “it is early days and the figures may change but indications are that there are more than 2,500 commercial material …
KAIKOURA EARTHQUAKE BUSINESS CLAIMS REACH $900 MILLION Read More »
The Insurance Council of New Zealand are warning boaties that the number of trailered boats stolen from yards and driveways is on the rise as summer kicks off. Insurance Council Chief Executive Tim Grafton said “New Zealand Police are seeing on average 24 boats per month being stolen throughout New Zealand. Unfortunately, the recovery rate …
Christmas time is the busy season for burglars with a higher chance of homeowners being away from home on holidays, out shopping or socialising with friends and family. Insurance Council figures show that there is traditionally a steep rise in burglary related claims in the December-January period with the last 21 day festive season claims …
BURGLARIES COST $400,000 PER DAY IN FESTIVE SEASON Read More »
An agreement between private insurers and the Earthquake Commission (EQC) will simplify how home and contents insurance claims are resolved for people affected by the Kaikoura Earthquake. Under the agreement, private insurers will act as EQC’s agents and receive, assess and settle home and contents claims for earthquake damage from their own customers, even those …
SIMPLER PROCESS FOR SETTLING KAIKOURA EARTHQUAKE CLAIMS Read More »
The Insurance Council of New Zealand believes a significant cause of damage to commercial property buildings following the 14 November Kaikoura earthquake series is a failure to comply with non-structural, seismic restraint guidelines. Non-structural, seismic restraints hold air conditioning, fire-sprinkler, telecommunication, electricity systems, lighting and ceiling support systems in ceiling cavities and other parts of …
FAILURE TO COMPLY WITH STANDARDS A LIKELY CAUSE OF WELLINGTON COMMERCIAL BUILDING DAMAGE Read More »
The Insurance Council of New Zealand advise people who have uninhabitable homes due to earthquake damage to contact their insurer directly for help with temporary accommodation. Most home policies as well as contents policies provide cover for temporary accommodation and emergency evacuation. Each policy wording will differ so people should check with their insurer. Tim …
EARTHQUAKE INSURANCE ADVISORY: TEMPORARY ACCOMMODATION Read More »
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