![CEO docked $550k for secret relationship](/pf/resources/images/placeholders/placeholder_l.png?d=793)
CEO docked $550k for secret relationship
An insurance boss has reportedly had his massive bonus docked of $550,000 for an affair with his secretary.
An insurance boss has reportedly had his massive bonus docked of $550,000 for an affair with his secretary.
The biggest insurer in New Zealand says the Kaikoura earthquake produced a net claim cost after reinsurance of $117 million.
ASX-listed insurer Suncorp Group has built an 11 per cent stake in Tower and put forward a rival takeover offer for the NZX-listed general insurer.
Nib New Zealand is part of one of Australia's largest health insurers, which today reported a 43 per cent lift in underlying operating profit.
A Christchurch couple who were told that their home was lost in the Port Hills blaze, just hours after finally insuring it, appear to have had a lucky escape.
A top disaster recovery expert from New Zealand's biggest insurer flew down to Christchurch this morning in response to the Port Hills fires.
Chaos and cordons as evacuated locals try to find out how their homes survived the night.
I let my kid front-flip off the roof yesterday. It was a calculated risk. (I'm hoping his mother doesn't read this.)
Aucklanders are paying 16 per more on average for car insurance a year than what the average Kiwi pays.
Suncorp Group's New Zealand insurance units posted a 57 per cent decline in first-half profit.
Statistics NZ figures show the pay gap between men and women is around 12 per cent, but at AA Insurance its less than 3 per cent.
The insurance council has blamed rising regulation and increased costs driven by the Canterbury earthquakes for a 60 per cent jump in insurance.
COMMENT: Many people seem to freeze like a possum in the headlights at the idea of reading their insurance policy.
Kaikoura quake damage to businesses has topped $900 million, according to insurance figures.
Kiwi scientist Dr Michelle "Nanogirl" Dickinson has had a close encounter with late Apple founder Steve Jobs' superyacht.
Insurers IAG and Tower are headed to court to challenge the Earthquake Commission's payouts for Canterbury earthquake claimants.
A safety report has revealed what Kiwis fear the most.
COMMENT: When Jennifer McIndoe signed on the dotted line for an Avis rental car she didn't realise the ramifications.
Disney may get $69m from an insurance policy it took out in the likelihood Carrie Fisher couldn't finish the Star Wars films.
Pioneering insurance boss Naomi Ballantyne has been made an Officer of the New Zealand Order of Merit in the New Year Honours.
The two people killed in the Christmas Eve bus crash near Gisborne last night have been named, as the driver of the bus says the brakes failed.
The Porirua community is rallying around their local Santa after his sack was stolen just weeks before Christmas.
Insurer Youi has been fined $320,000 on 15 charges of using misleading sales techniques to sell policies to consumers seeking quotes.
Hundreds of people have lodged injury claims following last month's massive magnitude-7.8 earthquake.
The Earthquake Commission and the Insurance Council of New Zealand have struck a deal to stop double ups on assessing property.
A new report has found it would cost more than $250million to repair Christchurch's earthquake-battered Lancaster Park.
New Zealand's largest insurer says the Kaikoura quakes is likely to cost it hundreds of million of dollars.
Owners of a top Wellington restaurant could be left tens of thousands of dollars out of pocket from last month's earthquake.
The Kaikoura Earthquake will cost the Government up to $3 billion, the Treasury estimates.
Insurance companies could charge you higher premiums by using 'big data' to follow your habits.