Bank and insurance licensing law change doesn’t go far enough, Consumer says
A proposed law change set to license and regulate the conduct of banks, insurers, non-bank deposit-takers and those who sell...
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Commonwealth Bank of Australia Hit With Insurance Class Action
Slater and Gordon is still being contacted by large numbers of Commonwealth Bank customers who should never have been sold...
ANZ blames systems, human error for NZ insurance failures
ANZ has become the second Australian major bank this week to blame systems issues and human error for a regulatory...
New Zealand’s Largest Life Insurer Steps Up To Support Financial Advice Firms
AIA New Zealand, the country’s largest life insurance company, has today announced two significant financial support packages designed to help...
ANZ to sell New Zealand asset finance unit to Japan’s Shinsei Bank for $479 million
Australia and New Zealand Banking Group on Tuesday agreed to sell its New Zealand-based asset finance unit for NZ$762 million...
New Zealand Sports Among Those ‘Woefully Unprepared’ for Pandemic, TV Official Says
Professional sports leagues went into a virtual global shutdown from March as governments worldwide ordered travel bans and put curbs...
AM Best Downgrades Credit Ratings of Consumer Insurance Services Limited
AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating...
From renewing travel insurance to rebooking cancelled Ryanair flights: The Holiday Guru answers traveller queries
The Holiday Guru is always on hand to answer your questions. This week issues tackled also include getting refunds on...
Hailstorm has NZ’s second highest weather-related insurance bill this century
A massive hailstorm that pelted Timaru in November has the second highest weather-related insurance bill in New Zealand this century.
Ratings Agency Affirms AIA New Zealand’s Financial Strength At ‘AA’ (Very Strong)
AIA New Zealand Limited has had its Insurer Financial Strength rating affirmed at ‘AA’ (Very Strong) by the ratings agency...