The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) urges those affected by floods and extreme rain across Tāmaki Makaurau Auckland and other areas of Te Ika-a-Māui The North Island to put their safety first, heed the advice of local authorities and contact their insurer early. “Contact your insurer early if you …
FLOOD ADVICE: STAY SAFE AND CONTACT YOUR INSURER EARLY Read More »
Travel insurers say travellers should know their rights when it comes to their bags not turning up after a flight. “In the first instance, the airline is responsible for the initial reimbursement of the costs incurred as a result of delayed or lost bags,” says Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ) …
Final claims data released today by the Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ) show that extreme weather-related claims spanning five events across July and August has reached 11,086 claims valued at $123.8 million. This is an increase of 35% or $32.1 million on provisional reporting for these climate-related events. “We are …
FINAL JULY AND AUGUST EXTREME WEATHER CLAIMS TOP $123M Read More »
How do you feel about living in a flood plain? How do you feel about your rates being used to maintain community assets such as roads, drinking and stormwater systems plus sewage in areas fully expected to flood? For around 675,000 of us, that’s about one in seven Kiwis, this is already an unfortunate reality …
The Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ) welcomes the introduction of the Local Government Official Information and Meetings Amendment Bill. The Bill includes provisions to open the door to greatly improved information on natural hazards, such as flood risk and coastal erosion, for property owners and potential buyers. Importantly, the Bill …
ICNZ WELCOMES IMPROVED HAZARD INFORMATION ON LIMS Read More »
Members of the media are invited to register free of charge for the Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ)’s Annual Conference. Conference will be held at on Tuesday, 8 November at the Cordis Hotel, Tāmaki Makaurau Auckland. You can see the programme for the day here. If you would like to register, …
New claims data released today by the Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ) show that mid August’s extreme weather resulted in 3,165 general insurance claims with a provisional value of $47.98 million. Of this, the Nelson Tasman District accounted for 1,248 private insurer claims with a provisional value of $21.64 million …
INITIAL INSURANCE LOSSES FROM AUGUST WEATHER BOMB $48M Read More »
Did you know that when you pay your regular household insurance premium that you are in fact getting three layers of protection? First and foremost, you are getting what we all think of as regular insurance should your home suffer sudden and unforeseen damage, such as a car crashing through the wall, a fire, flood …
“Incoming mayors, councillors and community board members must prioritise investing in community-centred climate resilience,” says Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ) Chief Executive Tim Grafton. Local government is at the forefront of responding to climate impacts that already cost communities many hundreds of millions of dollars each year. Beyond the financial …
INCOMING COUNCILS MUST PRIORITISE CLIMATE RESILIENCE Read More »
New claims data released today by the Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ) show that weeks of extreme weather over July resulted in 6,266 general insurance claims with a provisional value of $43.7 million. “Extreme weather continues to hit Aotearoa New Zealand’s communities hard”, said ICNZ Chief Executive, Tim Grafton. “We …
JULY EXTREME WEATHER INSURANCE CLAIMS HIT $43.7M Read More »
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