News
Insurer flags ‘sea surge’ risk for some Napier Parklands estate properties
14+ hour, 23+ min ago (751+ words) One of the country's leading insurers is refusing to insure some homes in a modern Napier City Council-owned residential development because of what it perceives to be a "high risk of flooding from sea surge". Parklands Residential Estate, near Park…...
Insurance price drop for some households - as other struggle to get it at all
1+ mon, 2+ week ago (18+ words) Insurance costs drop for some households - as other struggle to get it at all'RNZ Navigation for News Categories...
Home insurance premiums fall despite ongoing weather risks
2+ mon, 2+ day ago (1018+ words) Home insurance premiums fell across all regions of the country in the last year, even in areas prone to weather-related risks, new Treasury data shows. The availability of insurance from multiple underwriters also improved in most hazard-prone areas, despite major…...
Major insurer declines new home insurance policies for Blenheim
2+ mon, 2+ day ago (878+ words) Blenheim residents say AA Insurance has stopped offering new home insurance policies in their town, following similar decisions in Westport and parts of greater Christchurch. The insurer would not confirm that Blenheim, and the neighbouring settlements of Renwick and Seddon,…...
Insurer temporarily halts new policies in Westport due to flood risk
2+ mon, 1+ week ago (1554+ words) A major insurance company has temporarily stopped offering new home insurance policies in Westport because of the town's flood risk. A climate change policy expert says AA Insurance's decision will be the first of many, and is urging insurers to…...
Warning insurance delays likely after severe weather
2+ mon, 1+ week ago (295+ words) Severe weather across Northland, the Bay of Plenty, Coromandel and Tair'whiti Gisborne is likely to mean delays for insurers, the Insurance and Financial Services Ombudsman is warning. Ombudsman Karen Stevens said consumers should be prepared for delays because insurers will…...
Company directors load up on liability insurance as legal risks increase
8+ mon, 1+ week ago (383+ words) Company and organisation directors are facing a growing storm of risks driven by legal uncertainty, rising company liquidations and the rise of litigation funding according to a new report from the Institute of Directors. The D&O Insurance- the Shifting…...
Homeowners warned weather-event buyouts may cease in 20 years
8+ mon, 3+ week ago (1558+ words) Politicians are grappling with who should pay for damage to homes from future weather-related events - and just how much responsibility is on the government to front up. Those already affected by severe weather events say they'd be in a tight…...
No climate change buy-outs in future, expert group tells government
8+ mon, 4+ week ago (865+ words) Homeowners whose houses are flooded or damaged by weather events should not expect buy-outs in the future, a panel of experts has recommended to the government. The group has also recommended that individuals should be responsible for knowing the risks…...
Some Kiwis considering ditching insurance due to rising costs
9+ mon, 4+ day ago (683+ words) Some people are considering taking the gamble to ditch insurance as prices continue to rise. Stats NZ figures show at March last year house insurance was up almost 25 percent, contents insurance up about 28 percent and car insurance up almost 23 percent…...