IAG net profit up 170pc, economic conditions 'challenging'
'Largely due to the expected higher natural perils costs from the Auckland flood event.'
AdvertisementAdvertise with NZME.
Latest from Insurance
Cyclone Gabrielle: 10 of the worst tropical cyclones to hit NZ
Ex-tropical cyclones have wrought havoc in NZ. Here's 10 of the worst.
Editorial: Social insurance scheme had best intentions but too complex
Editorial: It's not surprising the $3.5 billion proposal is "off the table" for now.
Will clifftop properties still be insurable?
And what are the ins and outs of making a claim?
Cyclone threat: Upper North Island residents urged to prepare
Cyclone Gabrielle is on its way. Residents can prepare now in various ways.
Tower’s flood insurance claims surge to 4810
CEO says the company remains financially strong.
Auckland floods: Cliff collapse victims tell of terror night
"It was like a wild animal. You know you don’t know what you are looking at?"
Suncorp’s Auckland flood claims exceed 8000
CEO says flood repairs will put pressure on the building industry.
‘What was I supposed to do?’: Insurance company demands photo of pensioner's wrecked car
'The minute we stepped out the door the water was almost up to my neck.'
IAG forecasts margin squeeze on Auckland floods
Insurer airs concern over floods but company says its capital position remains strong.
Auckland floods: Insurance claims could hit nearly $1b - expect premiums to rise
And the cost of insurance could rise for some.
Supply Shock: Where economists expect price rises in wake of flood
Impact to wider economy marginal, but flooding means more disruption to supply chains.
Tower shares slide as flood claims continue
Retirement village company Arvida also down after serious flooding at one residence.
Auckland floods: Insurers fly in staff from overseas to handle huge claim volumes
Thousands of flood claims lodged, as terrible timing compounds misery for some homeowners.
‘Bad to worse’: Flooded restaurant was recently repaired after fire
Fire then flood - suburban Greek restaurant owners stress importance of insurance.
Record $3.5m penalty: ‘Gobbledygook’ received when querying costs
Customer says insurers must cut through nonsense and be straight-up with people.
Record $3.5 million fine for life insurer over dodgy policies
Watchdog sends a heavy signal after insurer's senior management made bad decisions.
Leading NZ travel insurer grappling with long claims backlog
Many Southern Cross Travel Insurance customers are facing major delays.
Woman’s life a ‘nightmare’ returning from holiday with undiagnosed parasite
For seven years Swift lived in pain, picking up a rare parasite on a family holiday.
Drought, snow, hurricanes ... The cost of extreme weather in the US in 2022
It was another near-record year in number of extreme events and overall damage from them.
Law Society’s actions compounded errors of its disciplinary body
Top lawyer says the profession's complaints system is 'broken'.
Covid for Xmas? What to do if sickness disrupts your holiday
Holidaymaker questions why booking dates couldn't be changed after getting Covid.
The most unusual pet insurance claims of 2022 revealed
From eating 17 socks to bean bag beans, some pets sure have a range of acquired tastes.
Insurer Tower to expand Fiji operation
The insurer will start repaying customers from next month.
Tower profit dragged down by provisions and large claims
Canterbury earthquakes and Tongan eruption weigh on insurer.
Fidelity Life CEO Melissa Cantell on transforming the insurance industry
How she plans to build back trust and grow the business.
FMA suing Vero on claims of overcharging customers $8m
Action dates back to allegations of activity from more than eight years ago.
Diana Clement: Kiwis are flying again but is your insurance up to standard?
OPINION: Plenty of New Zealanders have been prevented from travelling due to Covid-19.
Kate Dron: Post-pandemic crystal ball gazing
OPINION: Actuaries project months and years ahead - and this is what one predicts for NZ.
Life insurer penalised $700k for misleading customers
"Real harm" after failing to correctly pay cover to some sick or disabled customers.
Life insurance payouts to wronged customers climb to $43m in four years
And the regulator believes there will be more to come.
Australian tourist 'left for dead' in Bali dog attack
A tourist is recovering in an Indonesian hospital a 'near fatal' attack.
How health insurer Southern Cross plans to keep a lid on premium rises
The non-for-profit has made a $90 million surplus.