Skip to main content

Auckland 09 282 3240

Wellington 0800 237 747

Insurance freeze post Quake

In the initial days following the 7.8 Kaikoura Earthquake, Insurers across our market have now placed insurance policy freezes or 'embargoes' on any new policies or requests for higher levels of cover. Many parts of the upper south island to lower and central North Island regions are included. The geographic range does vary from Insurer to Insurer.

As reported on Stuff.co.nz Insurance Council chief executive Tim Grafton confirmed the freeze, which he said was usual practice after a major event as insurers sought to minimise risks. 

"The reason for insurers to be cautious is to minimise additional losses in order to meet reinsurers needs and keep insurance affordable for all."

 

Talk to your Broker at aibGROUP Insurance Ltd

If you are unsure as to how your specific business, property or circumstances might be effected by the Earthquake then please let us know.

If you have a potential ‘sale or purchase’ of assets due within the next 6 months then please also talk to us about managing the insurance aspects of that transaction.

Discover

Christmas is coming

As we enter the summer months it’s with some optimism that we now leave the past few months of lockdowns and covid fatigue (especially for Auckland)…

Alert levels 2 and 4

We are pleased for those of us able to now operate at alert Level 2 from today. We continue to hope that Auckland can join us and move down the alert…

NZ COVID-19 Lockdown – September 2021

aibGROUP staff will continue to work from home at level 3 in Wellington and Level 4 in Auckland. Please continue to contact us via phone or email…