LATEST

Insurance Industry

‘Climate reporting’ requirements to be reduced for health and life insurers

Daily Telegraph NZ -

Health and life insurers will be removed from New Zealand's mandatory climate-related disclosure regime under changes announced by Commerce and Consumer Affairs Minister Cameron...

The Natural Hazards Insurance Act is not working. What this means for Kiwis

Guy Hatchard -

Given NZ’s vulnerability to natural disasters, this article raises questions about new legislation that should be of concern to everyone. Two weeks ago we had...

Medicine by captivity: The rise of the hostage physician

Joseph Varon -

The intensive care unit (ICU) was crowded before sunrise, again. After 40 years in medicine, I am not sure what “full” even means anymore. Every...

Hormuz crisis risks massive premiums spike

Daily Telegraph NZ -

War risk premiums for a single tanker voyage have reportedly seen a 15- to 30-fold increase. The US-Israeli war with Iran has made the Strait...

Open Letter to the Directors of health insurance companies

Guy Hatchard -

Sent personally to CEOs of Southern Cross, FMG, IAG, UniMed/Accuro, NIB and Partners Life Dear Director Sometimes information helps us to understand puzzling situations. Business models...

IAG fined $19.5m for overcharging and discount irregularities

Daily Telegraph NZ -

New Zealand’s largest insurer, IAG, has been fined $19.5 million by the High Court for overcharging nearly 250,000 customers tens of millions of dollars...

IAG posts 33% profit jump as claims fall and margins improve

Daily Telegraph NZ -

New Zealand’s largest insurer IAG lifted its full-year insurance profit by a third to AUD $606 million (NZD $664m) as rising margins and premium...

CBL CFO fined over $1.2m for role in disclosure breaches

Daily Telegraph NZ -

Former CBL Insurance CFO Carden Mulholland has been ordered by the High Court to pay more than $1.2 million in penalties and legal costs...

NZ Rugby signs deal with Gallagher Insurance in global partnership

Daily Telegraph NZ -

New Zealand Rugby (NZR) has announced a major multi-year partnership with global firm Gallagher Insurance, naming the company the Official Insurance Broker of NZR. The...

Tenant ordered to pay landlord $4K after causing $40K damage to property

Daily Telegraph NZ -

A tenant responsible for extensive damage to a rental property, totaling more than $40,000, has been ordered to pay $4085 to the landlord by...

Consumer NZ criticises soaring insurance premiums and lack of competition

Daily Telegraph NZ -

Consumer NZ expert Rebecca Styles has highlighted the steep rise in insurance premiums, particularly house insurance, which has increased by 97% over the past...

Tower Insurance nearly doubles Full-Year Profit

Daily Telegraph NZ -

Tower Insurance has reported a significant rebound in its financial performance, nearly doubling its full-year underlying net profit. The company expects to post an underlying...