News
Government launches six-month review into home insurance costs and affordability
5+ hour, 3+ min ago (1368+ words) The Government is launching a six-month review into home insurance affordability and costs. Finance Minister Nicola Willis and Commerce and Consumer Affairs Minister Scott Simpson are directing the Council of Financial Regulators and government agencies to work with the insurance…...
More people complaining about their insurance
6+ mon, 2+ week ago (371+ words) More people are making official complaints when problems with their insurance providers come up, with the Insurance & Financial Services Ombudsman (IFSO) scheme accepting a record number of disputes in the past year." From July 1 2024 to June 30 2025, the IFSO took on…...
RBNZ says stress test shows insurance policyholder claims would be met in 1-in-1,200-year loss event
8+ mon, 4+ week ago (982+ words) RBNZ stress test of general insurers assesses potential response to major earthquake and severe cyber-risk incidents ... This article is the executive summary1 from the Reserve Bank's 2024 General Insurance Industry Stress Test Results. The full 25-page article is here. We use stress…...