Natural Disaster

FSCL Case Study

Process concerns over Cyclone Gabrielle claim

Patricia’s* small business was affected by Cyclone Gabrielle in February 2023. The premises flooded and the business was closed for several weeks. Patricia submitted a claim to her insurer to cover material damage and business int...

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Understanding the unique risks in our rural sector

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 tha...

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Natural Hazards Commission closes EQC chapter

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 highlig...

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New Zealand ranked ninth most impacted by natur...

A recent report by Intersec has found that New Zealand ranked ninth on the list of countries most impacted by natural disasters between 2000 and 2024. Utilising data from EM-DAT and population figures from publicly available...

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New Zealanders call for greater climate mitigat...

A climate change poll conducted by AMI, State and NZI Insurance has revealed that a significant majority of New Zealanders want increased efforts to mitigate the impacts of climate-related hazards.   The survey, which is in...

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Higher-risk homes hit with higher premiums

Data from the Treasury revealed that a quarter of homes in high-risk flood zones are paying hundreds or thousands of dollars in additional premiums. In just 18 months, insurance premiums across New Zealand have risen by almost 30%,...

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Home buyers demand flood information

New research from insurers AMI, State and NZI revealed that 86% of people would now consider climate risk when choosing a home, compared to 55% just two years ago. The research found that house hunters rank weather and natural...

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The power of perspective: Five top takeaways fr...

The Marsh McLennan Global Risks Report 2024 captures insights from nearly 1,500 business leaders and experts worldwide, providing a short-, medium- and longer-term perspective on unfolding risk to help organisations make informed,...

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Navigating crises with confidence

Key elements leaders must consider in crisis management

Gallagher Bassett New Zealand reflected on the significance of crisis readiness on the first anniversary of the devastating Cyclone Gabrielle. Chief executive Craig Furness said building knowledge within organisations was a key...

FSCL Case Study

Underinsured when a cyclone struck

In 2012 Henry* bought his first house and asked an insurance broker to arrange house insurance. The broker corresponded with Henry using his work email address, but the email address on the insurance application form was different....

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