Insurance
Tower board gives backing to Suncorp takeover
The board of local insurance company Tower has given its backing to a takeover offer by Australian giant Suncorp.
EQC insurance cap to increase to $150k
The government plans to cover an extra $50,000 of building damage for each claim after a natural disaster, bringing its cap to $150,000.
Suncorp ups offer for insurer Tower
Australian insurance company Suncorp has increased its offer for local operator Tower.
What's the future for insurance?
Dr Michael Naylor says 70 percent of jobs in the insurance industry are at risk from major technological disruption, but its not all bad news. He's expecting the overall number of people employed in… Audio
Wild weather insurance bill tops $135m
It's only June, but major weather events so far this year mean it is shaping up to be a particularly expensive one for insurers.
Drivers warned of 'double digit' car insurance hikes
Insuring a car might be about to get a lot more expensive, with one motorist describing her most recent bill as an eye-opener.
Home levies rise worrying - Insurance Council
Low-income households may be unable to protect themselves from disasters when the latest increase in home insurance levies takes effect, the Insurance Council is warning.
Insurer warns of failure risk in braided plumbing pipe
New Zealand's largest insurer is keeping a close eye on a very common type of household plumbing hose after a rise in failures across the Tasman. Audio
DIY small businesses missing out on insurance advice
Small businesses may be selling themelves short on insurance cover by opting to arrange their own insurance and by pass broker. Audio
Home owners may be under-insured by nearly 30 percent
An insurance brokerage has warned rapidly rising building costs are putting home owners at risk of being under-insured. Audio
'Tasman Tempest' caused $42m in damage
Insurance costs from the storm in March, which dumped a month's worth of rain on Auckland and Coromandel in just 24 hours, have hit $42 million. Video
Sea level-prone homes set for insurance cutoff
Tens of thousands of coastal New Zealand homes could lose their eligibility for insurance because of climate change, a report suggests.
Homeowners warned of crackdown on quake insurance spending
The Insurance Council is warning owners of earthquake-damaged homes in Marlborough that banks are cracking down on insurance pay-out spending.
AMI Insurance makes clear it won't pay out after terrorist attack
A major insurance company has inserted a clause into its car and contents policies that means it does not have to pay out claims in the event of a terrorist attack.
Insurance companies won't pay out terrorism damage
AMI, State, Tower, AA and Youi don't pay out for damage incurred in acts of terrorism. Audio
Complaints against finance companies surge
Complaints against finance lenders have risen more than a third since a new legislative crackdown was introduced in 2015. Audio
House insurance still a quake-zone hurdle
Homeowners seeking insurance in earthquake-hit areas from North Canterbury to Wellington face an uncertain wait.
Restrictions on household contents insurance start to lift
Restrictions on household contents insurance start to lift following the Kaikoura earthquake. Tim Grafton, chief executive of the Insurance Council, says whether other companies will follow, will… Audio
Southern Response appeals class action ruling
Earthquake insurer Southern Response is appealing a High Court decision allowing a class-action lawsuit by policy holders.
Insurance Council defends time Kaikoura claims are taking
The Insurance Council is defending the time commercial claims are taking in quake-damaged Kaikoura, saying insurers are working as fast as possible. But Kaikoura businesses say things are dragging on… Audio