Tower Insurance slips to bigger H1 loss on quake, IT, cost
Audio, Radio New Zealand
Listed general insurance company Tower has reported a bigger first half loss on lingering Canterbury earthquake claims and a write down in its computer systrems.
Listed general insurance company Tower has reported a bigger first half loss on lingering Canterbury earthquake claims and a write down in its computer systrems.
Insurance premiums look set to rise by up to a third and even more to meet the cost of the Christchurch earthquakes and other disasters overseas.
The insurance industry says overseas insurers have become wary of New Zealand after Monday's earthquakes in Christchurch and higher premiums across the country are now almost inevitable.
Tower Insurance has increased the amount it is willing to pay towards repairing an earthquake-damaged Christchurch home, but is still refusing to pay for a more expensive rebuild.
A Christchurch man has been left stunned after his insurance premium rose by 440 percent after his insurer decided his property was at a higher risk from earthquakes.
The Earthquake Commission and the Insurance Council are going to the High Court for a ruling on who's responsible for 10-thousand claims from the earlier Canterbury earthquakes.
A group of angry Christchurch locals are considering legal action against one of the country's biggest insurance companies because they say their earthquake claims are taking too long to settle.
The Insurance Council is ranking the Canterbury earthquake as the world's third most expensive insured event this year.
The Insurance Council is ranking the Canterbury earthquake as the world's third most expensive insured event this year.
A central-Christchurch property owner says attempts by insurance companies to limit the amount of money they end up paying out for earthquake damage, is just part of doing business.
Mounting claims from the Christchurch earthquake have forced AMI insurance to go to the Government for a possible bailout.
Thousands of people are making insurance claims after heavy rain and flooding in the north of New Zealand, especially in Auckland. Insurance lawyer Peter Woods has worked on property claims for earthquake damage in Canterbury and Marlborough.. He has also been an Independent Specialist Adviser to the government. Peter talks to Lisa Owen.
The Supreme Court has ruled that a class action by Canterbury insurance holders against Southern Response can go ahead. Ali Jones, insurance claimants advocate explains to The Panel what this means for home owners who've been fighting for years to get their fair entitlements.
The Insurance Council is mounting a legal challenge against the Christchurch City Council over its rules regarding earthquake-prone buildings.
Today Ali talks to Jesse about the insurance debacle for Christchurch home owners trying to settle with companies over their earthquake damaged homes. She advocating for the establishment of an "Insurance Department" as they have done in California.
As we approach the tenth anniversary of the Christchurch earthquake there are renewed calls for an inquiry into how Southern Response dealt with Canterbury earthquake claimants. Last year the government set up a support package for those who were short changed by Southern Response for their earthquake repairs. It came after a landmark High Court case found Southern Response misled and deceived Karl and Alison Dodds. Insurance claimants advocate, Ali Jones, says ten years on, lessons haven't been learned from how people were treated by Southern Response. She told RNZ reporter Sally Murphy that dealing with them is hell.
The government is hoping a new one-stop shop will help homeowners in Canterbury still struggling with insurance claims, but as Logan Church reports, this isn't the first initiative of its kind in the quake-rattled city.
Earthquake damaged Christchurch homes written off by insurance companies are becoming hot property for investors wanting to make money renting them out.
Some earthquake-affected residents in Christchurch are having their pensions and benefits cut, because they are earning interest on their insurance payouts.
Commercial property owners are facing not just higher insurance premiums following the Christchurch earthquakes, but also the prospect of much higher excesses.
A Christchurch earthquake insurance specialist says a critical report of the Earthquake Commission is a good start but doesn't go far enough. The report by an independent ministerial advisor says EQC staff have no confidence in their own data, and that the organisation needs to dramatically improve the way it communicates with claimants. The advisor, Christine Stevenson, said EQC was unable even to tell her how many claims it's still dealing with from the Canterbury earthquakes. Dean Lester is a Christchurch insurance advocate and claims preparer. He talks to Susie Ferguson.
Christchurch homeowners are still battling insurers eight years after the first major earthquake. Mike and Fran Dodge say their insurer AA has not honoured their insurance policy, and now court seems to be the only option left.
Three years on from the February 22nd Christchurch earthquake hundreds of businesses are still waiting for their insurance claims to be settled.
Insurance company, Tower, says it's started the year on a positive note despite bad weather and lingering complex claims from the Christchurch earthquakes.
The Insurance Council says it can give Cantabrians a guarantee that insurers will go as fast as they can to settle earthquake-related claims.
A Christchurch man has begun a hunger strike over an earthquake insurance claim. Fonterra changes its policy and promises to pay bills more promptly.
Are men with lower voices more attractive to the opposite sex; The Canterbury Earthquake insurance deadlock; Speed Camera tickets have doubled over the last year.
Frustrated Christchurch residents are banding together to take on their insurance companies, who they say are taking too long to process their earthquake damage claims.
A Canterbury woman has finally settled an insurance claim seven years to the day her family home was damaged in the February 2011 Christchurch earthquake.
The Earthquake Commission says it's likely homes in the Christchurch suburb of Bexley, which sank and cracked in Saturday's quake, will be rebuilt. People in the hardest hit areas of Canterbury have been learning more about their insurance entitlements, as the commission's assessors arrive in Kaiapoi and Bexley to begin evaluating the damage.