Natural Disaster

IFSO Case Study

Flood-damaged car not fully covered

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...

Feature

Vero upskills staff following EQC claims surge

Vero Insurance New Zealand is providing additional training for employees to become assessors for EQCover claims under the EQC Act after a surge in claims.   Nearly ten months after the Auckland floods and Cyclone Gabrielle...

SPOTLIGHT ON

Feature

Court of Appeal decision focus: Leisure Investm...

By Cecily Brick, partner, Fee Langstone

Earlier this year, the Court of Appeal upheld a High Court decision finding the owners of the Christchurch Adventure Park liable for losses caused to neighbouring property owners whose homes were damaged by the spread of fire from the P...

IFSO Case Study

Defective earthquake repairs cause ongoing issues

Amy's* house was damaged in the Christchurch earthquakes. She made a claim under her house insurance and her insurer arranged the repairs. Several years later, Amy found the repairs to be defective, but her insurer declined to...

Humans of NZI

Sue Blick: a resilient and compassionate leader

Sue Blick of Christchurch has been in the insurance industry just shy of seven years, and when this year’s major weather events hit parts of Aotearoa, New Zealand, she knew exactly how NZI’s affected customers would be...

Feature

One-third of summer weather claims settled by A...

Combined claims for the Auckland Anniversary Weekend flooding and Cyclone Gabrielle stood at 96,586 claims worth $2.47 billion as of early April, according to the Insurance Council of New Zealand. By April, insurers paid out over...

Feature

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...

Feature

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...

Feature

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...

Feature

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’...

Knowledge Base

Where members can access industry Resources & Media Content


Click here