I read online that AMP has lifted the Insurance embargo for new house and increases in Wellington - have BNZ (State Insurance) lifted there’s?
Hey @jessie, I’ve check in with the insurance team and they’re unaware of any other insurers lifting their embargo at this stage. They’ve said that we as an insurer are constantly reviewing our stance in line with the market but at this time the embargo has not yet been lifted or lightened. As soon as anything changes it will be communicated through the BNZ Earthquake update page, through BNZ staff and also the IAG earthquake webpage.
Hope that helps!