IFSO Case Study
When Rawiri’s* car was damaged in the Auckland floods, he thought he would be fully covered, having arranged car insurance with an agreed value of $19,000 just a year earlier. However, when Rawiri made his insurance claim, th...
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The Hawke’s Bay Independent Flood Review has called on home, business and property owners, iwi/hapū, communities, business groups and regional infrastructure owners impacted by flooding from Cyclone Gabrielle to contribute i...
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The weather may have subsided, but the summer’s events will have a lasting im...
With the claims process underway, the long-term impacts of Cyclone Gabrielle and the Auckland Anniversary weekend floods are affecting brokers and their clients. As underwriters reevaluate their coverage and exposure in impacted areas, ...
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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’...Feature
Nearly half of Auckland residents do not have home insurance, according to a startling new study from global price comparison site Finder. In the wake of Auckland’s devastating summer floods, new research reveals that 45% of...
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The Insurance Council of New Zealand urged landlords to contact their insurers to assess rental cover and temporary accommodation benefits in the wake of Auckland’s floods. The severe flooding left many homes across the Super...
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AA Insurance expected the January storms to be the largest motor claims event in its history. As of February, with claims numbers expected to rise, AA had received more than 5300 claims in total. Around 2300 were home...
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Suncorp sent an additional team of claims specialists and assessors from its Australian insurance operations to New Zealand as communities in the North Island dealt with more severe weather, including heavy rain and gale-force winds,...
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Insurance Australia Group provided a market update as it dealt with the impact of late January’s floods across the North Island. IAG expects its first-half profit after tax to be A$468 million, while gross written premiums...
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As of February 9, Tower received 4810 claims relating to the floods that hit hit the upper North Island on Auckland Anniversary weekend. The NZX-listed insurer noted that 2660 of the claims were for home insurance, 740 were for...
