Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Catastrophe payouts pressure insurers in New Zealand

Reprints

A substantial increase in the number of claims and claims payouts is testing the industry’s ability to keep up with natural disasters, Stuff.co.nz reported. Insurers settled more than $2.5 billion New Zealand ($1.8 billion) worth of claims related to natural disasters in 2017, according to the The Insurance Council of New Zealand. Ilan Noy, a disaster economist, said that the increase in claims is likely to lead to a rise in insurance premiums.

Read more.