Media releases

The Insurance Council of New Zealand is welcoming the changes to the EQC Act announced this morning by the Government. “This morning’s announcement is the first step in improving the Earthquake Commission and its responsiveness...

The Insurance Council is pleased to report this morning that nearly all insurance claims have been partially or fully settled one year on from the Edgecumbe floods. The banks of the Rangitāiki River burst through a flood bank at...

The Insurance Council welcomed the release of the terms of reference for the Insurance Contracts Law Review on Tuesday. “We welcome the review and look forward to contributing to it,” said Insurance Council Chief Executive, Tim...

Climate change adaptation has once again taken a back to seat to carbon budgets in the latest report by the Parliamentary Commissioner for the Environment (PCE), says the Insurance Council of NZ. ICNZ’s comments follow the...

Figures released by the Insurance Council this morning show the provisional cost to insurers of the first storm of 2018 is likely to exceed $27 million. The total provisional cost, which encompasses claims made to private...

The Insurance Council is advising people affected by Cyclone Gita to contact their insurers directly.  “It’s important to remember to contact your insurer as soon as possible if there is any damage to your property,...

The Insurance Council is advising people to take the time today to prepare their properties for Cyclone Gita. Gita is due to make landfall at Wellington and on the West Coast around 10 o’clock tonight. With it, it’s forecast to...

Insurers settled 70,000 claims arising from extreme events in 2017. These included claims arising from the Kaikōura earthquake, extreme weather events and residual Canterbury claims. “2017 was a year that tested the insurance...