High insurance costs behind Christchurch City Council’s proposed 13.24% rate hike
Christchurch City Council says its insurance premiums are up 20%, or $6.4 million, in the 2024/2025 financial year which is...
Month: March 2024
Opinion: Why bother with tiny insurance discounts for big insurance reductions – Linda Hall
The purpose of insurance is to reduce financial uncertainty and make accidental loss “manageable”. But so many people are now...
NEW ZEALAND’S FIDELITY LIFE ASSURANCE RATINGS AFFIRMED EXCELLENT – AM BEST
KUALA LUMPUR, March 15 (Bernama) -- Global credit rating agency, AM Best has affirmed New Zealand’s Fidelity Life Assurance Company...
Insurance company forced to refund $9.5m as civil proceedings filed
It’s alleged the insurer misled customers in its marketing material, resulting in about 65,000 affected customers.
Insurance company Tower forced to refund $9.5 million to overpaid customers as Financial Markets Authority files civil proceedings
It’s alleged the insurer misled customers in its marketing material, resulting in about 65,000 affected customers.
New Zealand general insurance sector to reach $7.5bn by 2028
T he New Zealand general insurance sector is expected to grow at a CAGR of 7.3% from NZD9.7bn ($5.8bn) in...
FMG Insurance leads rural insurance in New Zealand: AM Best
Geographical diversification across New Zealand helps spread insured risks. FMG Insurance’s operating performance is deemed adequate, with a five-year average...
New Zealand Court Orders Millions in Fines and Compensation Over Deadly Volcanic Eruption
SYDNEY (Reuters) - A New Zealand court on Friday ordered the tour booking agents and managers of an island where...