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Media releases

21 Mar 2018

The Insurance Council this morning released provisional stats on Cyclone Fehi showing the storm had already cost insurers almost $38.5 million. Cyclone Fehi hit New Zealand on 1 February, causing widespread wind damage and...

20 Mar 2018

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...

15 Mar 2018

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...

08 Mar 2018

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...

07 Mar 2018

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...

22 Feb 2018

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...

21 Feb 2018

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,...

19 Feb 2018

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...

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