Insurance rated a 'luxury'
With natural disasters prompting home and contents insurance premiums to soar 30%, a third of policy holders now rate insurance as a ''luxury''.
Insurance
Failed insurer's S&P rating withdrawn
Failed Queenstown boutique insurer Western Pacific Insurance, which owes more than $65 million to unsecured creditors, has had its credit rating withdrawn for having been in liquidation for mor
North Island storm costs soar
The cost of two storms which hammered parts of Wanganui and Taranaki has reached $6 million according to one major rural insurer, with that company alone handling more than 1250 claims.
Quake-related insurance hikes for Kiwi homeowners
The financial shocks of the Canterbury earthquakes are being felt by homeowners throughout New Zealand this month, with the arrival of insurance bills in the post showing average increases of up to
Profit warning prompts drop
Australia's largest insurer, QBE Insurance Group, came off a trading halt on the ASX yesterday to issue a shock profit warning, prompting a hammering of its shares and wiping 20% off its value.
Big cost for university to insure
Lack of insurance stymies rebuilding plan
The first multilevel property planned for Christchurch's central-city red zone since the earthquakes is in doubt because of insurance problems.
Insurer to review premiums
Outspoken corporate advocate Bruce Sheppard has emerged as the champion of the elderly after Southern Cross was forced to announce an investigation of its premiums.