Insurance
Money Week: Katrina Shanks on financial resilience
September 3 marks the start of Money Week organised by the Commission for Financial Capability. This year the focus is on how we could weather a financial shock such as losing a job or long-term… Audio
What exactly is a "pre-existing condition"?
Abby Hartley lies gravely ill in a Balinese hospital, and her insurance company is refusing to help because her illness stemmed from a pre-existing condition. Southern Cross travel insurance chief… Audio
Report forecasts future of weather-related insurance claims
New research by Motu Economic and Public Policy Research has examined the impact on EQC of weather related flood claims. Wild weather has seen Earthquake Commission pay out nearly 300 million dollars… Audio
Insurance giant raises premiums for disaster-prone areas
New Zealand's biggest insurance company IAG is raising home insurance prices in areas at the greatest risk from natural disasters.
Are the days of free windscreen replacements over?
Since the dawn of motor insurance in New Zealand, broken windscreens have been replaced free of charge. But that's now been jeopardised by new, hi-tech windscreens which can cost in the… Audio
Free vehicle windscreen replacements on the way out?
New Zealand drivers are at risk of losing their free vehicle glass insurance cover because of new, smarter and more expensive cars. Audio
Insurer defends big quake risk insurance hike
Tower Insurance is defending big premium hikes for some houses in quake-prone areas, and intends to include other hazards such as flood risk. Audio
Insurance increases could encourage competition
Tower Insurance has defended its new risk based pricing model for home owners, saying it affects only a small number of policy holders. The company said it was now charging more for properties in… Audio
Why your house could cost more to insure than your neighbour
Home owners may end up paying thousands more for insurance premiums than the house next door, as insurance firms increasingly use technology that assesses an individual property's risk. Audio
Wellington woman shocked at '300 percent' insurance hike
A Wellington woman was stunned to be told her house insurance premium was rising $5000 a year. Audio
Clients told to question financial advisors on bonuses
Consumers are being advised to look out for their own interests when they sign up for insurance after reports that bonuses might be tempting financial advisors to sign up new policies. Audio
Business News for 17 May 2018
What's your insurance agent being paid? A2 Milk's share price crumbles. These stories and the latest in the money markets with RNZ business editor Gyles Beckford. Audio
Uninsured SMEs cite high cost, uncertain benefits
A quarter of small and medium-sized business have no business insurance, because it costs too much and the benefits are uncertain. Audio
More disaster insurance being developed for Pacific countries
Getting disaster response funds to where people need them and in a timely manner is the goal of a dedicated Pacific insurance company set up in response to climate change and the limited resources of… Audio
IAG work not worth the hassle, panel beater says
Despite insurance work from IAG making up a third of his revenue, Timaru panel beater Hamish Gardyne says he will no longer take work from the insurer because repair jobs often cost more than it is… Video, Audio
Richard Kempthorne on Gita clean up in Tasman district
Tasman District Mayor Richard Kempthorne outlines the massive clean up operation still going on two weeks after ex-cyclone Gita hit the region. Some residents feel that they have been overlooked in… Audio
Thousands of Chch homes may still need quake repairs
Half of the unresolved EQC claims for quake-damaged properties in Christchurch are for re-repairs, and a lawyer representing these cases say they’re just the tip of the iceberg. Video, Audio
Royal Commission of Inquiry into EQC
New EQC Minister, Megan Woods, will hold an independent inquiry to help the thousands of Christchurch homeowners who have been battling the natural disaster insurer over assessments and repairs. Audio
Pensioner's insurance premiums hiked after Edgecumbe flood
A couple whose home was damaged in the Edgecumbe flood are upset that their insurance premiums have now been hiked. Audio
Insurance sector vulnreable to more weather events
The New Zealand Insurance Council says the hurricanes that have hit the Caribbean and southern United States highlights how vulnerable the sector is to consecutive natural shocks. Audio