Live News
Head of EQC inquiry announced

Former Governor-General Dame Silvia Cartwright  will head the independent inquiry into the Earthquake Commission (EQC). EQC Minister Megan Woods announced today that Cartwright, a former High Court judge who chaired the C...
ICNZ welcomes EQC inquiry

The Insurance Council of New Zealand (ICNZ) today welcomed the announcement of the Public Inquiry into EQC, headed by Dame Sylvia Cartwright. ICNZ is pleased the focus will be on lessons learned from the Canterbury earthquake exper...
Changes to legislation

The Government has introduced the Fire and Emergency New Zealand (Levy) Amendment Bill to delay introduction of the new fire service levy regime which had been slated to commence by next year. The new regime, which is set out ...
Axe destructive taxes/levies

Insurance stamp duties are “economically destructive” and should be replaced with a broad-based property levy, according to the Grattan Institute of Australia. Their recent report argues insurance-based fire and...
Court to decide "on-sold over cap" liability

The issue of liability around on-sold overcap EQC claims will be determined in a test case before Christchurch High Court, with the first hearing set for August 26, 2019. An ‘on-sold overcap claim’ is one that has been...
Appointments strengthen expertise

Professional IQ College (PIQ) has announced three key appointments in anticipation of the increased needs of financial advisers under the new FSLAB regime. PIQ is New Zealand’s only industry owned not-for-profit NZQA...
CBL Insurance in liquidation

CBL directors failed to disclose the true state of the insurance company for several years, while new details have emerged about the financial backing of a suspected South American drug kingpin, a court has heard. CBL Insurance, a...
Consultation going well

More than 50 submissions have already been made on the draft code of conduct for financial advisers. Consultation closes at the end of this week and it is hoped that the code will be signed off by the Commerce Minister early in the...
SME underinsurance

New Zealand’s SMEs recently ‘sounded the alarm’ when they registered a rapid drop in business confidence, citing falling revenue and a range of growing pressures as being of increasing concern.  ...
Watershed meeting delayed again

Voluntary administrators of New Zealand-based CBL Corporation have advised that the watershed meetings of the CBL group of companies are, once again, adjourned. According to administrators Brendon Gibson and Neale Jackson of...

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