News

Ngā Pānuirongo

20/01/2023
­ From: BusinessDesk

Chris Hipkins, Michael Wood and Kiri Allan. Those are the names most bandied about as the next leader of the Labour party and prime minister of New Zealand. The vote for deputy leader – currently Kelvin Davis, if you’ve forgotten – will be just as important.

20/01/2023
­ From: NZ Farmers Weekly

The pace of change we’re experiencing right now is relentless and it’s often difficult to stay positive as each new thing comes along. Agriculture Minister Damien O’Connor is doing the rounds in Europe, firstly in Davos, Switzerland, for the World Economic Forum, before heading to a major agriculture summit and bilateral trade talks.

20/01/2023
­ From: Feds News

While of course there will be some that say they saw it coming, Jacinda Ardern’s resignation was a huge surprise. In the words of Kenny Rogers’ song ‘The Gambler’, “you got to know when to hold ‘em, know when to fold ‘em, know when to walk away and know when to run.”

19/01/2023
­ From: Insurance Business Australia

The Actuaries Institute’s Australian Actuaries Climate Index for spring 2022 recorded the third-highest index value since the index began. In its report, the Actuaries Institute explained that the high index value for spring 2022 was primarily driven by extreme rainfall, especially in the south-eastern parts of the country.

19/01/2023
­ From: Insurance Business Australia

For many industry stakeholders, the astonishing succession of floods across Australia have highlighted the inadequacies of traditional insurance. In areas where businesses really need flood cover – like Lismore in NSW – insurance is either unavailable or too expensive.

19/01/2023
­ From: Newsroom

Economy Some say central banks have done too little too late, some say they’ve acted too aggressively. Ahead of today’s food and rent price statistics, what decision-makers mostly agree is that there’s a new outcrop of inflation looming. NZ and the world face a hard landing in which millions may lose their livelihoods, Jonathan Milne reports.

19/01/2023
­ From: New Zealand Herald

Cyclone Hale is not likely to result in much impact to house prices in Gisborne Tairāwhiti, experts say, but they point out the extreme weather event is yet another reminder of the pressures being brought by climate change. Asked if the cyclone would impact insurance premiums, Christian Judge, a spokesperson for the Insurance Council of New Zealand, said the answer was complex.

18/01/2023
­ From: New Zealand Herald

Reserve Bank governor Adrian Orr. Photo / Mark Mitchell Heightened risk Most economic data is lagged, more so in New Zealand than in many OECD countries. Employment and inflation are Adrian Orr’s KPIs with a plus on the former which has been mostly driven by immigration policy and unforeseen Covid-related lifestyle dynamics, and a minus on the latter with an utterly mistaken view of inflation being transient.

18/01/2023
­ From: Insurance Business Australia

Global reinsurance provider has announced that it has selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across its business. Verisk Maplecroft’s Human Rights Indices identify exposure to 31 civil, political and labour rights risks at national and subnational levels in 198 countries.

18/01/2023
­ From: Insurance Business Australia

Cyber incidents and business interruption risk were the greatest concerns for companies for the second year in a row, according to a new report by . While cyber incidents and business interruption were each rated as a top concern by 34% of respondents in the Allianz survey, macroeconomic issues such as inflation, financial market volatility and a looming recession (rising from #10 to #3 year on year) and the impact of the energy crisis were the top risers in this year’s list of business risks.

18/01/2023
­ From: The Daily Blog

Christopher Luxon’s National Party are the odds-on favourites to win the general election this year. They have been consistently ahead of Labour in the polls in recent months, and have a firm coalition partner in Act, which is often polling about 10 per cent.

17/01/2023
­ From: New Zealand Herald

El Niño systems have driven some of New Zealand’s worst droughts in history – but it’s unclear what our next one, likely to form later this year, will bring us. Photo / Alan Gibson After an unusual three-year run of La Niña – and all of the warm, wet and wild weather it’s delivered us – New Zealand might be about to see what its flipside looks like in a climate-heated world.

16/01/2023
­ From: Today FM

Weekdays 9:00am-12:00pm. See omnystudio.com/listener for privacy information. [00:00:00] Good morning. [00:00:00] I’m Trudy Nelson at nine Concerns are being raised about the condition of our highway network. [00:00:06] Waka Kortahi received 134 more complaints about vehicle damage from Potholes last year than in 2021.

16/01/2023
­ From: The Platform

Pundits have been making their political forecasts for the year ahead. Here are some of their predictions about what we can expect in 2023. The Big issues of 2023: Economy and ethnicity There’s a consensus that the political year, and especially the election campaign, will centre around the economy, with inflation, the cost-of-living crisis, and the recession being the big issues of public concern.

16/01/2023
­ From: The Conversation

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment. Aotearoa New Zealand is home to an incredible diversity of lizards (mokomoko) – more than 120 species are identified, and counting.

16/01/2023
­ From: Today FM

Opinion: The answer to the headline is of course. Just ask a teary Bill English, who after receiving a demoralising 21 percent of the vote in 2002, was positively beaming fifteen years later when on election night in 2017 he and many others went to sleep thinking National at 46 percent would form a fourth term Government within weeks.

16/01/2023
­ From: Weekend Sun

Building the cathedrals of Europe… the climate factor Some of the answers to the complexities of the climate system are given in my recently published book Fifteen shades of climate… the fall of the weather dice and the butterfly effect. The following are extracts from pages 203- 207.

16/01/2023
­ From: New Zealand Herald

[00:00:06] Hello, I’m Damien Venuto. [00:00:07] It’s January 16 and this is the Front Page, a daily podcast presented by the New Zealand Herald. [00:00:17] After a rough 2022, we could have all used a nice summer break to help us recharge for the year ahead.

16/01/2023
15/01/2023
­ From: Newstalk ZB audio

[00:00:08] In this update, a high price for the Auckland mayor’s acting chief of staff after Wayne Brown vowed to reduce the council’s staff bill. [00:00:16] Max Hardy has been paid just over $17,000 for 15 days of work. [00:00:22] NZ Herald reporter Tom Dillane says that met equates to around $6,000 a week.

14/01/2023
­ From: Insurance Business Australia

2022 was one of Australia’s worst ever years for insurance industry losses from natural catastrophes. CRESTA’s latest industry loss index, known as CLIX, shows that last year’s east coast flood events in February and March produced the biggest losses anywhere in the world outside the United States.

13/01/2023
­ From: Radio New Zealand

Great Northern Highway and the Fitzroy Crossing Bridge damaged as a result of floodwaters. Photo: Facebook / Department of Fire and Emergency Services WA New data has revealed the majority of Australians lived in a local government area that was affected by serious natural disasters – mostly floods – in 2022.

12/01/2023
­ From: Insurance Business NZ

The effects of current crises, such as energy and food supply shortages and the rising cost-of-living, are undermining efforts to deal with long-term risks such as climate change, biodiversity and investment in human capital, according to the World Economic Forum’s Global Risks Report 2023.

12/01/2023
­ From: Radio New Zealand

@FinnBlackwell [email protected] A flooded street in Ponsonby in Auckland in March 2022. Photo: Bill McKay A Niwa weather forecaster is describing 2022’s record rain as ‘binge rainfall’ – where a lot of rain falls in a short period of time, inundating the land.

12/01/2023
­ From: Radio New Zealand Audio

[00:00:00] A NIWA [National Institute of Water and Atmospheric Research] weather forecaster is describing 2020 two’s record rain as binge rainfall where a lot of rain falls in a short period of time. [00:00:10] And I’m dating the Land. [00:00:11] We know all about that at the moment.

12/01/2023
­ From: Insurance Business Australia

Last week saw the launch of the first of seven satellites that could help the insurance industry’s risk management efforts in the agricultural sector. The optical satellites were sent into orbit from a rocket operated by Elon Musk’s Space X company that blasted off from Cape Canaveral in Florida.

12/01/2023
­ From: Insurance Business NZ

I trust all readers have had a meri Kirihimete and are looking forward to a happy new year in 2023. And as it is indeed the new year, and an election year at that, it seems appropriate to set out some policy resolutions and place them respectfully in front of our politicians in the hope that they might take them up.

11/01/2023
­ From: Digital Insurance

Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody’s Investors Service. Climate change has increased wildfire risk in California while hurricane losses in Florida have already seen a number of reinsurers cut exposure, Moody’s said.

11/01/2023
­ From: Insurance Business NZ

Insurers have reminded New Zealanders, especially those in North Island, to prepare for the arrival of extratropical Cyclone Hale. MetService has raised warnings for heavy rain at Coromandel Peninsula, Gisborne and Hawke’s Bay until Wednesday morning.

10/01/2023
­ From: Northern Advocate

Damien Garratt from Downtown Tools braves the weather on Kaka St, Whangarei. Photo / Tania Whyte Eels swimming across the road might sound out of the ordinary, but for businesses down Kaka St, in Whangārei, it’s common when the street becomes inundated with storm water.

10/01/2023
­ From: Digital Insurance

(Bloomberg) –The insurance industry is struggling to adapt to a new normal in which losses fueled by climate change are now regularly exceeding $100 billion a year. Insured losses from natural disasters hit about $120 billion in 2022, most of which was weather related, according to data compiled by Munich Re.

10/01/2023
­ From: New Zealand Herald

Ex-Cyclone Hale is hammering the East Coast with flooding, gale-force winds and huge swells hitting the Coromandel. Video / Hayden Woodward / Ben Cowper KEY POINTS Storm-lashed Gisborne families have begun self-evacuating with Civil Defence warning the ex-cyclone Hale bearing down on parts of the North Island is “potentially one of the worst ones they have seen”.

10/01/2023
­ From: Insurance Business NZ

Insurers have reminded New Zealanders, especially those in North Island, to prepare for the arrival of extratropical Cyclone Hale. MetService has raised warnings for heavy rain at Coromandel Peninsula, Gisborne and Hawke’s Bay until Wednesday morning.

09/01/2023
­ From: Bay of Plenty Times

MetService Severe weather: January 9th – 10th Wind-blown rain has started to hammer the Coromandel Peninsula this morning after weathering a stormy 12 hours as ex-tropical Cyclone Hale slams into the region. Streets drains are running high and a mist is enveloping holiday hotspot Whitianga as the blustery former cyclone tracks across the region this morning.

09/01/2023
­ From: National Business Review

Ever since the Covid-19 pandemic first struck, people have been predicting a wave of business insolvencies. Three years later and it’s yet to eventuate, although signs are starting to emerge. Rising interest rates, inflation, the pulling back of government support, and ongoing staff shortages are all taking their toll.

09/01/2023
­ From: National Business Review

Effective from January 1, the External Reporting Board’s (XRB) recently released climate standards are intended to move the dial on addressing humanity’s biggest existential challenges. But what has become increasingly clear is that the standards will not just focus on the environment’s impact on businesses; they will also require businesses to disclose how they plan to position themselves as part of the transition towards a low emissions future.

09/01/2023
­ From: New Zealand Herald

MetService Severe weather: January 9th – 10th Fresh weather warning were issued last night as Cyclone Hale bore down on the country, with parts of the North Island in the firing line today for torrential rain, flooding, huge sea swells and gale-force winds.

09/01/2023
­ From: Bay of Plenty Times

What’s in store ahead of Cyclone Hale, the new Covid variant concerning experts and strong quake hits Vanuatu in the latest New Zealand Herald headlines. Video / NZ Herald Cyclone Hale will hit the North Island tonight – earlier than previously forecast – and people are warned to brace themselves for gale-force winds and extensive heavy rain that could last until Thursday morning.

09/01/2023
­ From: Home Paddock

Quotes of the week Kiwis used to do this sort of thing well; we would go out of our way to help people who needed it. As a country we have always prided ourselves on being small but efficient. Have we lost that? And what else have we lost? – Tracy Watkins

08/01/2023
­ From: SunLive

The record number of insurance claims for land damage during 2022 are a reminder to homeowners to check their insurance cover and understand how to reduce the impact of local natural hazards, the country’s natural hazard insurance provider says. In the past year, Toka Tū Ake EQC received nearly 3,300 claims for land damage caused by landslips, storms and floods across the country – 80 per cent of all the 4209 insurance claims received in the 12 months to December 1 2022.

07/01/2023
­ From: Stuff.co.nz

It seems wherever you look, someone’s jacking in their job. It used to be called a seachange. We’ve been calling it The Great Resignation. Careers professionals prefer to think of it as The Great Rethink. “I’m getting more people now able to take the leap to have a think, and to take action on their rethink,” says Julie Thomas, executive director of The Career Development Company.

07/01/2023
­ From: Insurance Business NZ

The Wairarapa region’s coastline is one of the fastest-sinking areas in New Zealand, due to rising sea levels brought about by climate change. Some coastal areas in the region are sinking at a rate of over 7mm annually, which is more than twice the 3.5mm average annual global sea level rise, Stuff reported.

06/01/2023
­ From: OneRoof

Some property purchases are riskier than others. Some property purchases are riskier than others, but buyers who can navigate the pitfalls often end up with a bargain. White knuckle purchases with risk written all over them include mortgagee and other forced sales, leaky homes, leasehold, waterside, and even brand-new apartments and homes bought off-the-plan.

05/01/2023
­ From: Stuff.co.nz

Climate change is literally eating away at some of the spots Kiwis love the most – our beach fronts and coastlines. Wairarapa’s rugged coastline is one of the fastest sinking parts of the country, doubling the effect of climate change-induced rising sea levels.

05/01/2023
­ From: Insurance Business NZ

has announced the launch of a global climate business unit dedicated to tackling the impact of climate change and working toward the goal of a net zero future. The new business unit will offer a full spectrum of insurance products and services to businesses that develop or employ technologies and processes to reduce carbon dependency, as well as provide risk management and resiliency services to aid those managing the effects of climate change.

05/01/2023
­ From: OneRoof

Climate change threat to thousands of coastal homes. Well-heeled home buyers who snap up coastal property could find themselves the last man standing as sea levels creep up. Ironically, some of the very property that fetch some of the highest prices in New Zealand is that most at risk of rising sea level.

04/01/2023
­ From: Insurance Business Australia

Millions of Australians are paying higher home and contents insurance premiums, according to Finder’s latest research. The survey found that 60% of Australians, or 11.8 million people, have home and contents insurance. However, 63% of Australian home and contents insurance customers, or 7.4 million people, said their premiums have risen in the past 12 months.

04/01/2023
­ From: Gisborne Herald

Earlier this year, Tanith Wirihana Te Waitohioterangi released their internship project with the Office of the Prime Minister’s Chief Science Advisor at Te Papa Tongarewa Museum of New Zealand – just before Matariki. Kaupapa Maori reporter Matai O’Connor learned more about it

04/01/2023
­ From: Democracy Project

Pundits have been making their political forecasts for the year ahead. Here are some of their predictions about what we can expect in 2023. The Big issues of 2023: Economy and ethnicity There’s a consensus that the political year, and especially the election campaign, will centre around the economy, with inflation, the cost-of-living crisis, and the recession being the big issues of public concern.

04/01/2023
­ From: Insurance Business NZ

Toka Tū Ake EQC received a record number of insurance claims for land damage in 2022. The commission received almost 3,300 claims for land damage caused by landslips, storms, and floods – making 80% of the 4,209 insurance claims received during the 12 months ended Dec. 1.

03/01/2023
­ From: Insurance Business Australia

The Eastern Australian flood that occurred in late February and early March 2022 is the largest event loss outside the US, according to the latest CRESTA Industry Loss Index (CLIX). CRESTA provides industry loss data on international catastrophic events – excluding the US – that have generated insurance industry losses above US$1 billion.

03/01/2023
­ From: Insurance Business Australia

Houses in Bellamack built as part of a government-backed affordable housing scheme have become filled with damages, including cracked and lifting tiles, extensive corrosion, and water ingress when it rains. According to ABC, some houses deteriorated so much that the government had to bulldoze and replace them, covered by a government insurance scheme called Home Building Certification Fund.

03/01/2023
­ From: Stuff.co.nz

The Earthquake Commission Toka Tū Ake (EQC) is urging homeowners to take action to protect their properties after a record number of insurance claims for land damage. In the past 12 months, EQC received 3300 claims for land damage caused by landslips, storms and floods across the country.

03/01/2023
­ From: New Zealand Herald

Richard Prebble sees few upsides in 2023. Photo / Mark Mitchell OPINION: The country has not got enough eggs. Our dairy could not get enough bread. Since ancient Rome, food shortages are a way to lose popularity. This time next year, Christopher Luxon will be prime minister.

02/01/2023
­ From: Home Paddock

Quotes of the year It has two sides, like day and night. The night part is dark, it has pain, it has sadness, I’m not free from that. At the same time, the night gives hope that soon it is going to be over and the sun is going to come out. – Farid Ahmed Everyone has that capacity to forgive, it is just a choice.

01/01/2023
­ From: Gisborne Herald

Earlier this year, Tanith Wirihana Te Waitohioterangi released their internship project with the Office of the Prime Minister’s Chief Science Advisor at Te Papa Tongarewa Museum of New Zealand – just before Matariki. Kaupapa Maori reporter Matai O’Connor learned more about it . . .

31/12/2022
­ From: Stuff.co.nz

When Stuff asked around for names of people making strides in their fields – people to watch in 2023 – we were inundated with nominees. Over the next few weeks we’re profiling them and their mahi. They’re entrepreneurs, and philanthropists, writers, directors and top sportspeople.

31/12/2022
­ From: Home Paddock

Quotes of the month If we put a lot of new resources into altering our health services quality approaches for one issue it would remove very precious resources from somewhere else. Also it’s very likely to escalate not de-escalate … we cannot create a service to the loudest voice – it would make our equity issues worse, I fear.

30/12/2022
­ From: Wairarapa Times-Age

The Wellington region, including Wairarapa, has made a record number of land-related insurance claims. National Institute for Water and Atmospheric Research has predicted that areas of Wairarapa will become more vulnerable to flooding and extreme weather as climate continues to warm.

30/12/2022
­ From: National Business Review

Michael Barnett got involved with everything from mixing with the titans of industry to dealing with the ports and high-profile transport issues during his time as chief executive of the Auckland Business Chamber from 1988 to this year. But, as he notes with a laugh, he was also responsible for keeping the annual Santa Parade going over a career that could certainly never be described as hum-drum or ordinary.

30/12/2022
­ From: Interest.co.nz

We are ending 2022 in far better shape than where we started. The most striking ‘win’ in 2022 has been the very high levels of employment. Even more unlikely has been the rise and rise of wages. Not to be outdone, those relying on interest on their investments have benefited from a surge in deposit interest rates.

30/12/2022
­ From: Hawke’s Bay Today

Small steps can get you started on your financial journey in 2023. Photo / Supplied Change is something we’ve all had to become familiar with over the past few years. With once-in-a-lifetime weather events rolling out alarmingly regularly, a global pandemic and war in Europe, change has been the running theme for a while now.

29/12/2022
­ From: New Zealand Herald

Police look on as anti-mandate marchers unlawfully cross Auckland Harbour Bridge in February. Photo / Brett Phibbs Time for more optimism This year 2022 was a case of the good, the bad, and the disgruntled. We applauded the good and railed against the bad and the damage people wreaked on each other and the planet.

28/12/2022
­ From: National Business Review

Blair Turnbull has more than 20 years’ experience in the financial services industry, largely focused on insurance in New Zealand, Asia Pacific and the United Kingdom. He joined Tower in 2020 from Aviva in the UK. Auckland, having recently finished renovating our home, we are looking forward to spending some relaxing time around the home with the extended family and enjoying some of the local Auckland beaches and walks.

28/12/2022
­ From: Newshub

Related video: Prime Minister Jacinda Ardern says Parliament protest was “one of most challenging parts of year”. Credits: Images – Getty Images, Newshub; Video – Newshub. The year 2022 felt like it was the year of crises. There was a cost of living crisis, a crime crisis, a health crisis and even a pothole crisis.

27/12/2022
­ From: Nelson App

970 claims to the Earthquake Commission were made from the Top of the South following the August weather event, the agency said. Toka Tū Ake – Natural Hazards Commission received a record 4,209 insurance claims in the year ending 1 December 2022, 80 per cent of which were for land damage caused by landslides, storms, and floods.

27/12/2022
­ From: Interest.co.nz

Back in June we launched a new podcast, the Of Interest podcast. The idea was to take a deep dive into a major economic or financial issue through a long-form interview with a guest. Six months on and we’ve recorded and published 27 episodes. I want to take this opportunity to thank all our guests for their time and thoughts, and our listeners for their support.

25/12/2022
­ From: Stuff.co.nz

DENVER (AP) – When Kevin Erickson fires up his 1972 Plymouth Satellite, a faint hum replaces what is normally the sound of pistons pumping, gas coursing through the carburettor and the low thrum of the exhaust. Even though it’s nearly silent, the classic American muscle car isn’t broken.

23/12/2022
­ From: ANZ Bluenotes

We opened our first branch in Glenelg in 1837, just 10 kilometres from where we are meeting today. “Despite … significant challenges, your bank remains in good shape and we are delivering on our commitment to customers and shareholders alike.” It wasn’t your typical branch.

23/12/2022
­ From: Stuff.co.nz

There are still opportunities to invest successfully and grow your wealth out there. Dean Anderson is the chief executive of Kernel Wealth. OPINION: Setting financial goals is important, but how on Earth are we meant to make plans when the world is so unpredictable?

23/12/2022
­ From: New Zealand Centre for Political Research (NZCPR)

2023 looks like it will be brutal for Labour Cynics have cruelly likened journalists to mercenaries watching a battle from a safe position above the fray and only venturing down to the plains when it is clear who the victors are – and then bayoneting the wounded.

23/12/2022
­ From: Nelson Mail

There were 970 claims for land damage from the August rain event in the top of the south, part of a record number of claims nationally to Toka Tū Ake EQC this year. The natural hazard insurance provider said the numbers were a reminder for homeowners to check their insurance cover and understand how to reduce the impact of local natural hazards.

23/12/2022
­ From: Voxy

The record number of insurance claims for land damage this year are a reminder to homeowners to check their insurance cover and understand how to reduce the impact of local natural hazards, the country’s natural hazard insurance provider says. In the past year, Toka TÅ« Ake EQC received nearly 3,300 claims for land damage caused by landslips, storms and floods across the country – 80% of all the 4209 insurance claims received in the 12 months to 1 December 2022.

23/12/2022
­ From: Emily Watt

The record number of insurance claims for land damage this year are a reminder to homeowners to check their insurance cover and understand how to reduce the impact of local natural hazards, the country’s natural hazard insurance provider says. In the past year, Toka Tū Ake EQC received nearly 3,300 claims for land damage caused by landslips, storms and floods across the country – 80% of all the 4209 insurance claims received in the 12 months to 1 December 2022.

22/12/2022
­ From: Insurance Business NZ

Rural mutual insurer FMG has released its opinion on the New Zealand government’s proposed He Waka Eke Noa scheme, which seeks to price greenhouse gas emissions from the agricultural sector beginning 2025. According to FMG chief executive Adam Heath, there has been a strong reaction from the insurer’s members regarding the government’s proposal and its impacts on the agricultural sector of New Zealand, a major contributor to its economy.

22/12/2022
­ From: Newsroom

Business New research finds up to one in five New Zealanders now prefers a plant-based diet – eliciting a bloody-minded response from the meat industry Danny Osborne and his family will be throwing a few vegetarian burgers on the barbie this weekend, for their Christmas dinner.

21/12/2022
­ From: Rotorua Daily Post

Heavy rain causes surface flooding in Rotorua. A Rotorua family has been forced to leave their home just four days before Christmas after it flooded for the second time this year. Pukehangi resident Rebecca Brake and her family had just moved back into their house on Hoyte Place two weeks ago after a flood in May made the building unlivable.

21/12/2022
­ From: ANZ Bluenotes

We opened our first branch in Glenelg in 1837, just 10 kilometres from where we are meeting today. “Despite … significant challenges, your bank remains in good shape and we are delivering on our commitment to customers and shareholders alike.” It wasn’t your typical branch.

21/12/2022
­ From: Bassett, Brash & Hide

Cynics have cruelly likened journalists to mercenaries watching a battle from a safe position above the fray and only venturing down to the plains when it is clear who the victors are – and then bayoneting the wounded. As 2022 draws to a close, it appears that the media has identified Jacinda Ardern’s government as critically injured and are sharpening their steel for slaughter in election year.

20/12/2022
­ From: TVNZ

When Kevin Erickson fires up his 1972 Plymouth Satellite, a faint hum replaces what is normally the sound of pistons pumping, gas coursing through the carburetor and the low thrum of the exhaust. Even though it’s nearly silent, the classic American muscle car isn’t broken.

20/12/2022
­ From: Insurance Business Australia

A new in-house set-up dedicated to environmental, social, and governance (ESG) activities at Allianz Global Corporate and Specialty (AGCS) will allow the company to further prioritise sustainability in its operations and with its customers. AGCS has established an in-house ESG team dedicated to supporting its customers’ transition to a net-zero economy with risk-mitigating products and solutions that maximise their opportunities along the way.

20/12/2022
­ From: The Platform

Cynics have cruelly likened journalists to mercenaries watching a battle from a safe position above the fray and only venturing down to the plains when it is clear who the victors are – and then bayoneting the wounded. As 2022 draws to a close, it appears that the media has identified Jacinda Ardern’s government as critically injured and are sharpening their steel for slaughter in election year.

20/12/2022
­ From: Institute of Directors

It will come as no surprise to directors that consumer preferences around sustainability, climate change and ethics are changing quickly. What we are seeing is the companies who are responding quickly to these consumer changes are starting to perform better than their peers in this tough operating environment.

20/12/2022
­ From: Insurance Business NZ

Tower Limited has released its annual report that not only looks back at the insurer’s 2022 financial year (FY22) but also, for the first time, includes Tower’s environmental, social, and governance (ESG) commitments, in accordance with the Global Reporting Initiative 2021 Standards.

19/12/2022
­ From: InsuranceNews.com.au

Cost pressures will continue to strain the industry next year, as insurers grapple with fallout from ongoing supply chain issues and record-breaking flood catastrophes in the eastern states since February, analysts say in a preview of what to expect over the next 12 months.

19/12/2022
­ From: The Daily Blog

It was a political year unlike any in modern NZ history when a Dumb Lives Matter protest exploded on Parliament’s Lawns with all the energy of a thousand online conspiracies. The madness of that moment seemed to sum up all the crazy Covid has unleashed upon us economically, socially, culturally and politically.

19/12/2022
­ From: The Daily Blog

Items of interest and importance today PARLIAMENT Andrea Vance (Stuff): Will Christopher Luxon write the final act of Winston Peters’ career? Marc Daalder (Newsroom): MP’s emails show pattern of personal attacks on ministry Guardian: New Zealand set to cancel Jacinda Ardern’s Waitangi Day BBQ amid security concerns

17/12/2022
­ From: Newstalk ZB

Climate related insurance claims are likely to keep going up if the pattern of increasingly freak weather events continues. Eleven thousand weather related claims worth $120 million were made over a six week spell during July and August. Insurance Council [NZ] Chief Tim Grafton says we need to start thinking about how to mitigate the impact of climate change.

17/12/2022
­ From: Insurance Business NZ

The Insurance Council of New Zealand (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) have announced Georgia Mismash as the winner of the 2022 ICNZ and ANZIIF Scholarship. Mismash, a marketing representative at AA Insurance, will receive $10,000 courtesy of ICNZ, which will allow her to attend an international conference or seminar program to develop her insurance or leadership skills.

16/12/2022
­ From: New Zealand Herald

A technician inside the preamplifier support structure of the National Ignition Facility of the Lawrence Livermore National Laboratory in Livermore, California, a nuclear weapons facility. Photo / The New York Times EDITORIAL Most goals aren’t achieved unless the work is put in first.

16/12/2022
­ From: Insurance Business Australia

Chubb has announced the appointment of Maggie Peloso (pictured above) as senior vice president of Chubb Group and global climate officer and executive director of the Chubb Charitable Foundation. She will step into the role Jan. 16. In the newly created role of global climate officer, Peloso will be responsible for Chubb’s climate-related strategies, including business and public policy initiatives.

16/12/2022
­ From: BusinessDesk

Fletcher Buildings was the biggest news to hit the index as New Zealand’s sharemarket ended the day flat thanks to a trickle-through effect from US and NZ companies getting ready for the holiday season. Today, the S&P/NZX 50 index was flat at 0.01%, to 11,603.66.

16/12/2022
­ From: Voxy

The Insurance Council of New Zealand (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) are proud to announce Georgia Mismash, Marketing Representative, AA Insurance as the winner of the 2022 ICNZ and ANZIIF Scholarship.

16/12/2022
­ From: Australian and NZ Institute of Insurance and Finance

The Insurance Council of New Zealand (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) are proud to announce Georgia Mismash, Marketing Representative, AA Insurance as the winner of the 2022 ICNZ and ANZIIF Scholarship.

16/12/2022
­ From: Insurance Business NZ

With the effects of climate change now at the forefront of public consciousness due to growing natural catastrophe losses, the risk and insurance industries are working towards making development more sustainable, and firms have made significant investments in this area.

16/12/2022
­ From: Insurance Business NZ

Lloyd’s coverholder Sage Partners – the name behind the first-ever carbon credit-based forest insurance policy in New Zealand – wants to hammer home an important message when it comes to climate change, especially for those who might one day find themselves liable after not acting soon enough.

16/12/2022
­ From: Lexology

Today, the External Reporting Board (XRB) has published the final Aotearoa New Zealand Climate Standards (Climate Standards), aimed at shifting New Zealand towards a low-emissions economy. Following our July 2022 update, the XRB has finalised their mandatory framework for Climate Reporting Entities (CREs) to consider climate-change related risks and opportunities.

15/12/2022
­ From: ANZ Bluenotes

We opened our first branch in Glenelg in 1837, just 10 kilometres from where we are meeting today. “Despite … significant challenges, your bank remains in good shape and we are delivering on our commitment to customers and shareholders alike.” It wasn’t your typical branch.

15/12/2022
­ From: Our Auckland

Auckland Council’s Governing Body has today confirmed items for consultation for the proposed Annual Budget 2023/2024, which will go for public consultation early next year. The proposal includes consulting on significant reductions in council group spending to help balance the budget, and a range of other measures such as increasing general rates, prudent use of debt and the sale of Auckland International Airport Limited (AIAL) shares to counter some extraordinary economic conditions.

15/12/2022
­ From: Stuff.co.nz

This page records apologies, corrections and significant clarifications made to published stories on Stuff. It does not include minor changes or updates. Stuff’s policy on complaints, corrections and retractions is available in our Editorial Code of Practice and Ethics

16/12/2022
­ From: Lexology

Today, the External Reporting Board (XRB) has published the final Aotearoa New Zealand Climate Standards (Climate Standards), aimed at shifting New Zealand towards a low-emissions economy. Following our July 2022 update, the XRB has finalised their mandatory framework for Climate Reporting Entities (CREs) to consider climate-change related risks and opportunities.

Covid-19 News

To view our new articles released specifically around Covid-19 as it relates to insurance click the link below.