Provisional insurance claims data collected for the 20 May tornado affecting Taitoko Levin amount to $8.1 million across 807 claims comprising 532 domestic, 184 vehicle, 86 commercial, two business interruption and three other claims. “While there have always been tornados, they seem particularly unusual in Horowhenua but reflect the type of weather we can expect …
PROVISIONAL CLAIMS FOR MAY’S LEVIN TORNADO TOP $8 MILLION Read More »
Much better enforcement of existing laws and regulations is required to protect consumers from mis-selling of motor vehicle add-on insurance products says the Insurance Council of New ZealandTe Kāhui Inihua o Aotearoa (ICNZ). “Vehicle insurance products, such as mechanical breakdown, and car loan related ones, such as repayment and gap protection, typically provide cover that …
Provisional insurance claims data collected over 21-29 March 2022 for the torrential rain, thunderstorms and flash flooding that affected much of the top half of Te Ika-a-Māui (The North Island) but were particularly focused across Tāmaki-makau-rau (Auckland), have been announced. In total, 7,647 claims worth an initial $79.614 million have been recorded comprising 5,634 domestic, …
With our borders opening and global travel starting up once again, it’s a good time to think about all the new requirements around getting away. To checking long disused passports aren’t now out of date and brushing up on visa requirements, we can now add new ones around covid vaccines and testing. Just as all …
Provisional general insurance claims for cyclone Dovi, which traversed the North Island and the top of the South Island between 9 and 14 February, have come in at $44.43 million across 8,767 claims says the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ). “In a time of rapidly rising costs, insurers were …
FEBRUARY’S CYCLONE DOVI INSURANCE CLAIMS TOP $44 M Read More »
The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) today released claims progress data on Westport’s July 2021 floods. They show 85% of home claims were fully settled or near completion. Around 85% of home contents claims, and 97% of motor claims, were fully settled. The community and contractors have faced …
The whole point of insurance is to protect the things we value most. For many of us, outside of whānau and friends, that means our homes. Our homes not only provide us with a place to live, they are also central to our financial stability today, our ability to live well in retirement and pass …
INSURANCE MATTERS – ARE YOU ONLY INSURING HALF YOUR HOME? Read More »
The initial estimate of insurance claims within Aotearoa New Zealand arising from the tsunami resulting from the Hunga Tonga-Hunga Haʻapai eruption is 60 claims totalling $5,876,560. Of the 60 claims, 49 relate to marine craft and total $1,947,282. Just four commercial damage claims account for $3,862,640. The claims are focused on the surge wave through …
INITIAL TONGAN VOLCANO TSUNAMI CLAIMS TOP $5.8 M Read More »
With the borders starting to open on 28 February, it’s essential that travellers are insured for both Covid and traditional travel risks. “With the much higher transmissibility of Omicron, we expect the proportion of travelling Kiwis claiming for cancelled trips to be much higher,” says Tim Grafton, Chief Executive of the Insurance Council of New …
COVID COVER MAKES TRADITIONAL TRAVEL INSURANCE EVEN MORE ESSENTIAL Read More »
The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) urges West Coasters and Cantabrians to act now and follow the advice of local Civil Defence to protect themselves, homes and property following the Red Heavy Rain Warnings covering Buller and Westland and associated Orange rain warnings into Tasman, West of Motueka and …
WEST COASTERS: ACT NOW TO PROTECT YOURSELVES AND YOUR PROPERTY Read More »
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