Insurance News

$200 Million and counting: new zealand breaking records for annual storm damage cost with only half of 2018 elapsed.

It is only the start of July, but already New Zealand has experienced more than $200 million in storm damage in 2018, almost breaking the record for most in a calendar year with 5 months still to come. Read More Here.

Cost of storms and flooding in NZ Pushing Up Premiums: Insurance Brokerage.

In the wake of another costly holiday period of storms and flooding, New Zealand has been labelled a "high risk" location with the amount of claims increasing by 56% over the last three years. Read More Here.

ICNZ: Fire Levy Premium Increases are "well out of step with the rest of the world".

Insurance Council of NZ has railed against the insurance levy increases to fund Fire Emergency Services calling the entire funding model out of date. The government has responded, saying there will likely be decreases in 18 months time after the changes have bedded in. Read More Here.

Budget 2017: Premiums Set to Rise for Homeowners

Homeowners Insurance Premiums are unfortunately set to rise to top up the depleted natural disaster relief fund. If you are concerned and looking to mitigate these increases, Hood Insurance Brokers may be able to help. Contact us here today or phone us at (09) 489 9650. You can read more about the increase here.

Could Coastal NZ Homes Become Ineligible for Insurance?

Tens of thousands of Coastal Homes in New Zealand could become ineligible for insurance due to rising sea levels, a report suggests. Read More

ICNZ Outlines the Main Priorities for 2017

Top of the agenda for 2017 for the Insurance Council of NZ includes the response to the Kaikoura Earthquakes and resolving residual Canterbury issues. Read More

IAG Survey Identifies the biggest driving risks in New Zealand

An IAG Survey has found that among other risks, eating while driving is the most common dangerous behaviour in NZ drivers. Read More

New South Island Earthquakes: How To Claim on Your insurance

The Insurance Council has issued advice for people in need of claims after the most recent series of earthquakes to shake the South Island of New Zealand, affecting people all the way to Wellington and doing severe damage. Read More

Calls Made For Mandatory Building Insurance

Poor materials imported cheaply from overseas being used by poorly trained builders is creating the potential for a new litigation crisis. This is prompting calls for mandatory building insurance from industry bodies. Read More

youi fined $100,000 by iCNZ for misleading sales tactics

Youi plead guilty to 15 charges brought against it by the Insurance Council of New Zealand, including debiting customer bank accounts without permission. Read More

Hood Insurance Newsletter - August 2016

Check out our Hood Insurance Newsletter for August 2016, featuring tips on how to get your travel insurance right. Read More

World first: Pokemon Go insurance on offer

An international company has targeted millennials using the Pokemon Go craze, offering up to $1125 in cover for personal injury suffered while playing the game. Read More

Insurance Council of NZ Reacts to the brexit vote

The Insurance Council of NZ puts forward their perspective on what the Brexit vote could mean for the insurance industry in New Zealand. Read More

The Insurance Council has issued a "please explain" to insurer Youi following numerous complaints from customers. Read More.