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.
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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...
New Zealand trade union urges income insurance amidst rising redundancies
Wagstaff emphasised that only half of displaced workers in New Zealand secure new jobs immediately after layoff, with two-thirds finding...
Suncorp New Zealand Result Reflects Strong Investment Performance And Absence Of Major Events
Suncorp New Zealand has today reported half year profit after tax of $94 million, an increase of 3.3% from the...
Over two-thirds of New Zealanders fret over house insurance costs
Wellington and Auckland saw significant premium hikes, attributed to factors such as reinsurance costs, extreme weather events, and risk-based pricing....
IAG New Zealand’s first-half GWP leaps nearly a quarter from last year
IAG’s New Zealand segment saw its insurance earnings reach NZ$204m in the first half of its fiscal year 2024 (1H24),...
Half of laid-off New Zealand employees find new jobs ‘immediately’: report
Only half of displaced employees in New Zealand are able to find new jobs immediately after getting laid off, according...
Tim Hazledine: New Zealand social welfare wasn’t supposed to be like this
It wasn’t supposed to be like this. When NZ Prime Minister Michael Joseph Savage founded the world’s first welfare state...