Posts Tagged ‘Insurance’

Funeral expenses insurance mooted for Samoa Comments 0

Thursday, July 20th, 2017
insurance

There are plans afoot to introduce a Funeral Expenses Insurance plan to Samoa after recent focus group sessions recorded a positive response to the idea. But RNZ’s Samoa corespondent Autagavaia Tipi Autagavaia says families are more inclined to be traditional when it comes to funeral costs. “When you talk about a funeral in Samoa, every Samoan Read more

Aussie Church planned payouts well before admitting abuse Comments 0

Tuesday, April 14th, 2015

The Catholic Church in Australia set aside tens of millions of dollars to compensate sexual abuse victims years before it publicly admitted the problem. The Sunday Age reported that a warning was issued by a church insurer to the nation’s bishops as early as 1988. This was more than seven years before the Melbourne Response Read more

Church insurer pays out $511m Comments 0

Friday, May 24th, 2013

Insurer of churches, schools and historic buildings Ansvar paid out $511 million of claims last year, settling more than three-quarters of the earthquake claims lodged with the company. That’s according to the company’s latest financial results, for the year to December 2012, published yesterday. Ansvar was inundated with claims after the Canterbury earthquakes and withdrew Read more

Increased insurance premiums about to hit like a tsunami Comments 0

Tuesday, December 6th, 2011

Expected increased insurance premiums for  historic Dunedin churches have been likened to a “tsunami about to hit”. Dunedin diocese’s general manager Stuart Young said  parishioners were ultimately the ones who would bear the costs of increased insurance premiums, brought about by the Christchurch earthquakes. “It is a tsunami about to hit us. We face a Read more

Church insurer cancels all policies Comments 0

Friday, November 25th, 2011

Church insurer Ansvar Insurance, which has insured 75 percent of New Zealand churches, is planning to manage a phased exit from the New Zealand market as a result of the prohibitive cost of reinsurance following the series of earthquakes in Canterbury in 2010 and 2011. In September 2011, Ansvar Insurance has revealed that it would cease writing Read more

Future of Christchurch cathedrals even more uncertain Comments 0

Tuesday, October 4th, 2011

The future of the Christchurch cathedrals is even more uncertain after the decision by the largest insurer of New Zealand churches and heritage buildings to stop offering earthquake cover.

Dean Peter Beck and Catholic diocesan financial administrator Paddy Beban said they would not comment because they did not have enough information.

However, local Church of England media officer PhilipBaldwin said the decision to stop providing earthquake coverage was not a surprise

Asked if it would mean church closures, Mr Baldwin said decisions had yet to be made and it was going to be a long ongoing process.

 

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