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The effect of a recent High Court judgment is that insurers can no longer rel...
John Knight and Scarlet Roberts from Chapman Tripp summarise the effects of Pearce v Toka Tu Ake Natural Hazards Commission [2024] NZHC 623 The High Court has clarified how to calculate time limitation periods for claims und...Insurance Council News
One in two New Zealanders believe the Government should invest more to protect people and properties from extreme weather events, according to a new survey. Commissioned by the Insurance Council of New Zealand | Te Kāhui Ini...
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IAG has published new research in collaboration with Sapere Research Group that shows New Zealand’s $64 billion spend on natural hazards is heavily skewed to recovery over resilience. This research has been publis...
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A report into the insurance industry’s response to New Zealand’s largest ever weather events has set out a number of actions to improve responses to future events. The North Island Weather Events: The Insurance...
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The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s commitment to introduce legislation to Parliament this year on a Climate Adaptation framework and prepare New Zealanders for the...
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The worsening impacts of climate change will force home insurers to stop covering thousands of risky coastal and flood-prone properties in New Zealand, a new report warns. The paper from the Helen Clark Foundation and engineering...
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Economic losses from natural disaster events reached $368 billion in 2024, driven by Hurricanes Milton and Helene, severe convective storms in the U.S., and flooding across Europe. These events demonstrate the critical role of...
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The Bay of Plenty seaside suburb of Papamoa was recently crowned Trade Me’s ‘choicest suburb’ , but the Insurance Brokers Association of New Zealand (IBANZ) is concerned an insurance exposure impacting some...
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In years gone by, New Zealand was often jokingly referred to as the land of sheep, with around 10 of them for every person. While the number of sheep has dropped in the last few years to a ratio of five to one, we are still a nation...
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Report highlights preparedness initiatives and renewed focus
New Zealand’s Natural Hazards Commission Toka Tū Ake (Natural Hazards Commission, or NHC) has issued its final annual report under its new name following its rebranding from the Earthquake Commission (EQC). The report...
