News
1 in 2 people worried about insurance affordability as risk of climate disasters grows - poll
1+ hour, 14+ min ago (648+ words) Half of people worry they will not be able to afford house insurance as the risk of climate-driven natural disasters grows, an annual poll shows. And despite growing awareness of climate change, a dwindling number of people think either the…...
Homeowner who 'fell through bathroom floor' can't claim full insurance
1+ week, 6+ day ago (686+ words) A man who stepped out of his shower and fell through the bathroom floor is one of a growing number of people caught out by insurers' approach to gradual damage. The man discovered significant water damage under the tiles and…...
Insurer flags "sea surge" risk for some Napier Parklands estate properties
2+ mon, 3+ week 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
4+ mon, 1+ 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
4+ mon, 3+ week 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
4+ mon, 3+ week 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
5+ mon, 1+ day 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
5+ mon, 6+ day 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
11+ mon, 5+ day 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
11+ mon, 2+ 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…...