Tim Grafton
West Auckland flooding: miniature ponies rescued
Many West Auckland residents are currently facing the double-whammy of dealing with an Alert Level 4 lockdown and homes that were badly damaged by yesterday's floods. So how do people go about making… Audio
South Auckland tornado costliest on record - Insurers
The tornado which tore through South Auckland homes in June is the costliest on record, for insurance companies.
So far customers have been paid a total of $24 million in home and content losses.
… Audio
Insurance industry responds to FMA report
A report on the insurance industry has condemned it as indifferent to improving the treatment of customers.
The Financial Markets Authority review of 42 general insurance companies showed only two… Audio
Hundreds of insurance claims made after flooding
Insurance claims are flooding in following the weekend's severe weather which has left many with a lengthy - and expensive - clean up.
Heavy rain caused widespread flooding and evacuations across the… Audio
Trans-Tasman bubble: Insurance won't cover border closures
Travel insurers are warning those eyeing up a trans-Tasman bubble to get cover early and to read the fine print of their policies carefully.
Companies will not provide cover for anyone affected by… Audio
Coronavirus: Insurance companies saving on payouts in pandemic
Insurance companies will save about $100 million on payouts for motor vehicles alone during the lockdown, given the dramatic drop in driving during the pandemic.
Consumer New Zealand is now urging… Audio
What will more rain do to EQC liabilities?
New research has found climate change and the expected increase in extreme weather events will mean higher damages - and an additional liability for EQC. 8000 claims lodged to the EQC between 2000 and… Audio
Q&A: How coronavirus will affect travel and business insurance
Isolated and vulnerable New Zealanders will be evacuated alongside Australians from the city of Wuhan in a joint operation with the Australian Government. The exact details have yet to be determined… Audio
Insurers brace for contract law changes
The insurance sector is resigned to the fact that a shake-up of insurance contract law will cost it money but says it's happy to see the outdated legislation getting a refresh. Audio
Peatland controversy over Wellington housing development
A housing development near Wellington was given the go-ahead despite conflicting reports on the significance of the land. Environmentalists say the land at Mangaroa in Upper Hutt is a rare and… Audio
Is compulsory building insurance on the way?
Should compulsory building insurance be introduced to cover defective work and builders who go to the wall? The suggestion is part of a proposed major overhaul of the Building Act to raise standards… Audio
Tower Insurance sets specific questions for customers
When buying insurance, how do you know you've told your insurance company everything that it needs to know so it won't later decline a claim?
Up until now, it's been an open question. But Tower… Video, Audio
Business News for 10 July 2019
News from the business sector, including a market report. Audio
Early Business News for 10 July 2019
A brief update of movements in the financial sector. Audio
Insurance Council supports changes to disclosure rules
Tower Insurance is easing the pressure on customers to reveal all information that could affect their claim. Audio
Insurance taskforce watches Wellington price hikes
Got a problem and no clear way forward? Set up a taskforce.
That is the course of action Wellington's leaders are taking after an insurance forum in the city on Monday.
Insurance companies say… Audio
Insurance Council responds to call for govt-backed insurer
Returning now to our earlier story about the call by the mayor of Wellington for the government to explore the return of a state-backed insurance company. Guyon Espiner talks to Insurance Council of… Audio
‘No secret’ about Wellington insurance risk – Insurance Council
The decision by IAG to limit its home and contents policies in Wellington isn't a surprise to Insurance Council CEO Tim Grafton, who says it's a natural response to the large earthquake risks in the… Audio
Council gives build go ahead then stamps flood hazard notice
A local authority has retrospectively stamped a flooding hazard notice on the title of a retirement village complex, despite giving it the go ahead to build an entire new apartment block a year and a… Audio
Insurance payouts for extreme weather events hit $226m for 2018
It's been the second most expensive year in half a century for insurers