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Media releases

04 Oct 2016

Following a disciplinary process, the Board of the Insurance Council of New Zealand (ICNZ) announced today Youi NZ Pty Ltd will pay the maximum financial penalty of $100,000 and has been warned that any future misconduct risks...

08 Sep 2016

The Insurance Council of New Zealand welcomed the announcement today from NZTA that water damaged light vehicles will now need electrical and pyrotechnic safety components replaced.  Tim Grafton Insurance Council Chief...

10 Aug 2016

The Insurance Council of New Zealand announced today that private insurers have paid out over $18 billion to settle commercial and residential claims since the Canterbury earthquakes in 2010 and 2011, of which over $8.6 billion...

02 Aug 2016

Two days of wild weather in March that caused several rivers to overflow has cost insurers $30 million dollars, the Insurance Council of New Zealand reported today. Hundreds of people were evacuated after 350mm of rain in a...

13 Jul 2016

The Insurance Council of New Zealand supports the broad outline of proposals to lift the quality of financial advice released by Commerce and Consumer Affairs Minister Paul Goldsmith today.  “We have been strong proponents...

09 May 2016

The Insurance Council of New Zealand announced today that private insurers have settled 20,000 Canterbury earthquake over cap residential property claims in its latest release of quarterly progress data.  Chief Executive...

29 Apr 2016

Continuing to tax only those people who pay insurance to fund the fire service is blatantly unfair and well out of step with best policy practice internationally, the Insurance Council of New Zealand said in response to today’s...

01 Feb 2016

Private insurers are on track to settle the vast majority of Canterbury earthquake claims by the end of this year, the Insurance Council announced today.  Nearly 5,400 major repairs and rebuilds were settled in 2015 which...

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