Four hundred and eight-five thousand New Zealand holders of AMI Insurance policies will have breathed a huge sigh of relief when the Government stepped in last week to guarantee the company's future - and thus its ability to pay out on claims.
When Shaun Blondell looked outside his bedroom window to see a fireball explode from his car, he never thought it would result in the hardest insurance lesson of his life.
The number of New Zealanders covered by health insurance dropped by 10,000 during 2010, but the dollar amounts of both claims and premiums rose.
Lyttelton Port Co says it is still working to determine its insurance claim following the September earthquake, despite media reports the claim could be between $50 million and $200 million.
The number of insurance claims for property damaged by methamphetamine, or P, is increasing, the Insurance Council says.
The complicated process of preparing an insurance claim had started for Pike River Coal and it would be lodged soon, chairman John Dow said yesterday.
Q. Am I eligible for free healthcare while on holiday in Australia? And do I need travel insurance?
A University of Otago health policy specialist has poured cold water on the notion strengthening the private health sector through tax rebates on premiums will help the public sector cope.
The cost of last week's flooding in Otago is expected to be millions of dollars, but the region's infrastructure seems to have escaped major structural damage.
The owners of an Auckland building damaged by fire have lost their bid sue in New Zealand the Australian insurer of a lighting company they believed was responsible for the blaze.
The Warehouse has partnered with IAG New Zealand to offer a travel insurance product online.
Distasters are coming. That is the prediction from Insurance Council of New Zealand chief executive Chris Ryan, who said the number of disasters caused by storms, floods, tornadoes and snowstorms would rise.
One in five people could leave the insurance industry this year because of adviser regulation changes, the head of the country's largest life insurer, Sovereign, says.
