Insurance

Private insurers have paid out nearly $19 billion to settle claims since the Canterbury earthquakes five years ago, says the Insurance Council.

A group of Christchurch homeowners say they have been left living in broken homes and have been forced to take their earthquake insurer to court. Video

The government is considering legislating to overturn a court ruling that makes landlords liable for accidental damage by tenants.

A lack of action from an insurer and not the Canterbury earthquakes is to blame for long-term damage to a Christchurch home, its owner says. Video

Air New Zealand will have to fork out millions of dollars more under a new fire service funding model, the airline says.

The Accident Compensation Corporation has posted a deficit of $3.4 billion for the past year, but says it is still in a strong financial position.

The insurance company sent invoices customers were under no obligation to pay and debited customers' bank and credit cards without permission.

Tower Insurance expects to lose more than $16 million off its profits as it puts more aside to settle a backlog of complicated claims from the Canterbury earthquakes.

A new study in Papua New Guinea is looking at the viability of offering insurance to people in settlements and villages.

IAG, which owns AMI Insurance, State, and NZI, is raising car insurance excess by 25 percent due to rising costs, it says.

A structural engineering leader is "supremely confident" that steel mesh floors in houses won't fail in a life-threatening way.

The insurance industry could move to avoid paying out for substandard steel mesh being used in homes, a lawyer has warned homeowners.

The government must be prepared for compensation claims as sea level rises make some homes uninsurable, MPs have been told.