Financial News Roundup March 2018

1. Auckland Maori Hapu to provide free health insurance for its members. - NZ Herald

Auckland based Ngati Whatua Orakei has joined with NIB to provide its members free health insurance in an arrangement that is likely to cost around $3 million annually.  

2. Thousands of recently built homes covered by liquidated CBL Insurance. - Stuff.co.nz

The Insurance for thousands of recent homes covered for shoddy building practices could be put into limbo as CBL Insurance has officially gone into liquidation.

3. What went wrong at CBL? - NZ Herald

In a follow up to the previous article, the Herald looks at what factors surrounded the collapse of CBL and how it went from a trusted insurer to liquidation in the NZ marketplace.

4. Home Insurers crack down on Meth Claims. - NZ Herald

As overall claims for methamphetamine related damage increases year over year, insurers have greatly hiked excesses for meth claims and premiums to curb losses.

5. Kiwisaver fee drop 'missed the mark'. - Good Returns

A review of the default fees for KiwiSaver providers led to only two of nine major providers changing their fees in response.

6. Partners Life introduces a new range of level premium options. - Good Returns

Partners Life have introduced level premium (fixed premiums which remain the same until an agreed upon age) options for its suite of personal and business insurance products.

7. A bumper year forecast for mergers and acquisitions. - NZ Herald

Pent up demand following last year's elections may lead to a major year for acquisitions and mergers, industry insiders tip.