Insurance Council
Insurance Council warns of deficient fire protections
The Insurance Council says a nearly new Wellington hotel had to shut for months due to deficient fire protection measures letting smoke into rooms. The council is using the example to back its warning… Audio
Insurance Council warns holidaying home owners
Home owners renting out their properties over summer need to check they are covered for any damage or loss caused by holiday tenants, the Insurance Council says.
Insurance claims from bad weather top $240m
This year has seen record insurance payouts for weather-related claims with damage of more than $240 million.
Insurers say non-structural failures a 'systemic problem'
Insurers are adding their voice to concerns that earthquake safety rules for overhead fittings are being widely flouted. John Lucas is responsible for coordinating Insurance Council's response to… Audio
Banks crack down on home owners making large insurance claims
The Insurance Council is warning mortgage holders that banks are cracking down on how they spend any quake damage payouts. Audio
Edgecumbe insurance claims expected to be significant
The total cost of the insurance claims in relation to the flooding in Edgecumbe is likely to be significant, Tim Grafton from the Insurance Council says. Video, Audio
Youi fined $100k for misleading customers
The insurance company sent invoices customers were under no obligation to pay and debited customers' bank and credit cards without permission.
Settled Chch quake claims reaches 91 percent
More than 90 percent of all earthquake-related residential insurance claims have been settled in Canterbury, the Insurance Council says.
New insurance code to carry hefty fines
Insurance companies which flout a new voluntary code coming into force today could face fines of up to $100,000.
Possible increased insurance premiums
The Insurance Council says proposed changes to the Earthquake Commission's cover will likely to mean increased insurance premiums but says it is too early to tell how big increases might be. Audio