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NZ government delivers extra $25 million to cyc...

The New Zealand government has approved an additional $25 million in relief funds for businesses impacted by Cyclone Gabrielle.  In April, the New Zealand government approved an additional $50 million in short-term support for...

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Suncorp introduces new leave for gender affirma...

Suncorp New Zealand will offer new leave entitlements for employees undergoing gender affirmation. The company is providing six weeks of paid gender affirmation leave and up to 12 months of unpaid leave, giving employees time to af...

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Summer of storms causes 402% spike in insurance...

New Zealand’s stormy summer resulted in five times more insurance claims than last year, according to AMI, State and NZI Insurance’s latest Wild Weather Tracker. The IAG brands received 41,596 weather-related claims bet...

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Christchurch airport chair joins IAG board

IAG New Zealand has appointed Catherine Drayton as a non-executive board member. Drayton is chair of Christchurch International Airport, Guardians of NZ Superannuation, Mint Innovation, and Connexa, and a board member for Genesis...

Humans of NZI

Shanna Crosson: NZI Claims Champion

Meet Shanna Crosson, one of NZI’s claims champions during the wild weather

Christchurch mum-of-one, Shanna, has been in the insurance industry for two decades. After a short career as a fitness trainer, she joined State Insurance in 2000 and has been with NZI since 2010. This November marks an impressive 23...

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Summer weather damage bill more than $9 billion...

The Auckland floods and Cyclone Gabrielle caused between $9 billion and $14.5 billion of asset damage, according to Treasury estimates. According to official forecasts, residential property damage will range between $2 billion and...

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Floods, landslips, cyclones and locusts!

The summer’s extreme weather will have significant ramifications for the insu...

When asked about the magnitude 6.3 earthquake that rocked the central North Island on 15 February this year, the Prime Minister, Chris Hipkins, said that he was looking out the window for a plague of locusts. Hipkins’...

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Taking broking to the next level

IBANZ has revamped its professional status accreditations to raise standards ...

As the insurance industry continues to evolve, it’s vital that New Zealand brokers keep up with the latest developments and standards and demonstrate their professionalism. IBANZ has long recognised the need to support its...

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AIG names new regional boss

American International Group announced the appointment of Chris Colahan as regional president for AIG Asia Pacific. Colahan reports to Jon Hancock, Chief Executive Officer of AIG’s International General Insurance business....

IBANZ Forum

Timeframe for "gradual" damage

QUESTION: An internal water valve starting leaking sometime between 5th December (when the Insured went on holiday) and the 14th December, when they returned and found the resultant damage to ceilings, carpets etc, some of which...

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