Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m. In total, …
Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) members are working with the Harbour Master and marina management to co-ordinate the safe recovery of wrecks, pollution management and health and safety matters for the recovery effort following the damage at Tutukaka marina. “While the focus for most is rightly on the direct …
INSURERS ASSISTING WITH SAFE, COORDINATED TUTUKAKA MARINA RECOVERY Read More »
Total weather-related insurance costs have already hit a record high in 2021 at $304.9 m*, beating the previous record, set in 2020, of $274 m. Insured losses are only part of the picture. Taking under-insured and uninsured losses into account, total economic losses may be twice this level. A such, total climate related combined losses …
RECORD INSURANCE SUPPORT FOR COMMUNITIES – 2021 EXTREME WEATHER CLAIMS EXCEED $300 M Read More »
Christmas Kirihimete is unfortunately a time of year when empty homes, full cars and perhaps being off our guard while staying away means more opportunities for burglaries and accidental loss or damage. While insurance can often cover much of what’s lost, there’s a lot we can do to prevent the heartbreak and hassle of losing …
Whether you’re spending Christmas Kirihimete at home or heading away, take care not to let fire ruin the festive season says the Insurance Council of New Zealand (ICNZ) Te Kāhui Inihua o Aotearoa. And just as it pays to minimise the risk of fire, it’s also a good idea to check your insurance policy would …
The storm of 16-19 July 2021 that affected large parts of the country led to $140.5 million in insurance pay-outs across to the community covering 5,534 claims. Worst affected areas included Buller and Westland, particularly Westport, as well as parts of the lower North Island, upper South Island and Wellington. “The importance and value of …
INSURERS’ SUPPORT FOR JULY WEATHER BOMB AFFECTED COMMUNITIES TOPS $140 M Read More »
Check your travel insurance for COVID-19 cover before you book overseas travel. That’s the message from the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) following the recent announcement of plans for the staged opening of Aotearoa New Zealand’s borders and the emergence of the omicron variant leading to overnight international border …
CHECK COVID-19 TRAVEL INSURANCE COVER BEFORE YOU BOOK TO LEAVE AOTEAROA NEW ZEALAND Read More »
While this week is officially Cyber Smart Week in Aotearoa New Zealand, you would be forgiven for thinking that every week is cyber week. It seems that not a day goes by without news about another cyber attack or breach, or the introduction of new laws to fight cybercrime in some part of the world. …
As part of our work to reflect the diverse communities that the New Zealand insurance sector serves, ICNZ is committed to incorporating greater use of New Zealand’s official languages – including te reo Māori. In addition to the translation of our Fair Insurance Code into te reo Māori in April 2020, in June 2021 ICNZ …
TE REO INIHUA – THE LANGUAGE OF INSURANCE Read More »
Preliminary figures for the 16-19 July storm, that saw a rare red weather warning issued by Metservice, has seen 5,207 claims made to date with insurers supporting their customers with at least $122m for insured losses. The storm left a raft of damage across much of the country, with sever flood damage in Westport, as …
INSURANCE RESPONSE TO JULY SEVERE WEATHER THROUGH WESTPORT AND NZ REACHES $122M Read More »
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