Weather insurance claims spike in NZ

New Zealand has experienced a record 46 storms over the past 12 months, driving a sharp rise in insurance claims, according to the country’s largest general; insurer IAG. IAG New Zealand trades under the AMI, State, NZI, Lumley and Lantern brands, and also provides...

Variations in power pricing

  Consumer NZ analysis of the April 1 electricity price rises shows large differences around the country, and those getting hit the hardest can least afford it. "The impact of the increases vary across the country," says Paul Fuge, Manager of Powerswitch. "In the...

IMF warns of a slowing world economy

15.4.26   Global growth is projected to slow to 3.1% in 2026 and 3.2% in 2027, states the IMF in its latest World Economic Outlook. And that assumes that the Middle East war remains limited in duration and scope. Global headline inflation is projected to rise...

Stable situation in fuel stocks

6.4.26 Today’s fuel stocks update by MBIE showed that as of last Wednesday evening, there were 61.9 days of petrol, 51.5 days of diesel, and 50.1 days of jet fuel. This is compared to 58.7 days of petrol, 52.2 days of diesel and 46.2 days of jet fuel, in a prior...

NZ fuel stocks remain ‘healthy’

25.3.26 The fuels price spike and associated supply disruption from the Middle East war remains a fast-moving situation internationally. However, MBIE reported in midweek that fuel supply into New Zealand remains stable, and onshore and incoming stocks are healthy....