tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, March 5th, 6:23PM

Insurance

rss
Latest Headlines

Expected rise in earthquake stress claims fails to materialise

Three of the country’s largest insurers have yet to see any rise in stress-related claims from Christchurch, despite a counselling group in the city reporting a 100% rise in people seeking stress-related treatment.

Friday, February 24th 2012, 6:20AM

Christchurch councillors the Durham Centre said that since the first large earthquake in September they have seen a 100% increase in people needing treatment for stress-related issues.

However, none of the insurance companies Good Returns spoke to had seen any rise in stress-related insurance claims.

"There's been no increase in claims due to stress, and we've been a little but surprised by that as well," said OnePath adviser distribution general manager Jeremy Nicoll.

"The usual cycle is six months or so after a massive or traumatic event like that you'd expect to see a spike and we haven't seen that spike, my understanding is that there is no spike across the rest of the insurance companies."

Nicoll's view was confirmed by both Sovereign corporate communications manager Emily Hanna and AMP external relations manager Veronica Ruddenklau.

"I've checked with our claims team and Sovereign hasn't seen a spike in the post-traumatic stress claims," said Hanna.

Ruddenklau confirmed the same picture at AMP, adding that "despite expecting them and watching closely for them [there has been] no increase in these claims."

Nicoll also cited New Zealand's poor take-up of income protection insurance for the lower than expected number of overall Christchurch-related claims, though he did warn the situation could change.

"Post-traumatic stress disorder can occur at any time, so the earthquake was 12 months ago but people can still be about to go through a very difficult period of time, and that's something our advisers' cannot lose sight of."

« Failed marriages create life insurance minefieldPartners Life mean business with new products launch »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Fidelity Life’s transformation continues with top culture award
Fidelity Life's tech team pick up a gong at IT awards.

Fidelity Life dials up new tech
Fidelity Life says its new telephony solution deliver immediate benefits to customers and advisers.

AIA pimps up its Quick Quote calculator
AIA has enhanced its Quick Quote tool, which it says provides an opportunity to attract new, more qualified customers.

Southern Cross to bring mental health programme to kiwi kids
The programme aimed at helping kiwi kids navigate life’s ups and downs will soon be available free of charge to any primary or intermediate school in New Zealand.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com
x