FMA settlement: Life insurance company AIA faces $700,000 fine for misleading customers
Insurance company AIA is facing a penalty of $700,000 after admitting it made false or misleading representations to customers. (FMA)...
Month: July 2021
Social insurance scheme needs to cover all New Zealanders – economist
A Canadian economist says a pay-as-you-go insurance scheme does provide a safety net for those who lose their jobs, but...
UPDATE 2-Westpac to sell New Zealand life insurance arm for $281 mln
Westpac Banking Corp will sell its New Zealand life insurance business to Fidelity Life for NZ$400 million ($280.84 million), the...
New Zealand activates temporary accommodation over West Coast flooding
The New Zealand government activated the Temporary Accommodation Service (TAS) on Wednesday, allowing residents on the West Coast of the...
Insurance Customers Receive $43.8m To Recover From Canterbury Floods
Insurance customers through the Canterbury region lodged 3,538 claims costing over $43.8million for insured losses following the 29 May -...
IAG appoints Chief Insurance and Strategy Officer
IAG appoints Chief Insurance and Strategy Officer IAG has appointed Mr Tim Plant to the newly created role of Chief...
Insurance expert: Floods a wakeup call to two-thirds of Kiwis
Melissa Heath is director of Residential Risk Analysis, which advises councils on climate change-induced disaster risk and helps would-be homebuyers...
Westpac sells New Zealand life insurance business
Australian bank Westpac has agreed to sell its New Zealand life insurance business to Fidelity Life Assurance Company for NZ$400m...
With seas rising and storms surging, who will pay for New Zealand’s most vulnerable coastal properties?
With climate change making more than 30,000 coastal properties potentially uninsurable within the next 25 years, government-led solutions should be...
Aon Offers Client Disposals In New Zealand Merger Probe
Law360, London (July 12, 2021, 2:52 PM BST) -- Insurance broker Aon PLC has offered a package of remedies to...