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News
Home insurance premiums fall as quote gap hits $1401
13+ hour, 54+ min ago (456+ words) Many households may have finally seen their insurance premiums get cheaper but the gap between the cheapest and most expensive premiums may also be getting wider. Stats NZ data show average home insurance premiums between April and June this year…...
Insurers eye entry into NZ, as home building warranties/insurance are due to become mandatory
1+ mon, 3+ week ago (797+ words) Insurers and building warranty providers are eyeing entry into the New Zealand market, as the Government plans to require new builds and renovations to be covered by insurance or warranties. The Government is due to introduce a bill to Parliament…...
The big business cost bucking the trend and tracking south
5+ mon, 2+ week ago (825+ words) Marsh insurance brokers say some commercial insurance premiums have fallen by as much as 60%. Commercial insurance premiums are expected to keep falling throughout the year, as the global reinsurance market remains soft. Commercial property, professional indemnity and business interruption insurance…...
How risky is your home? The fight over flood models and soaring premiums
5+ mon, 3+ week ago (832+ words) At a time when one-in-100-year storms are more frequent and some areas in New Zealand struggle to get home insurance, the owners of two Bream Bay homes got very different results when they complained to Tower about soaring house…...
Could your home become uninsurable, unbankable and worthless?
6+ mon, 2+ week ago (608+ words) Insurers have begun their retreat as climate change bites. Back-to-back disasters in recent years have pushed insured loss into the billions and forced tough questions about what can still be covered. Home owners in flood- and coast-exposed areas are starting…...