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John Duffy: Consumer NZ CEO on the increasing costs of car insurance
Manage episode 419694044 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Owning a car is getting more and more expensive.
Online Insurance Platform Quashed reported a 40% increase in average comprehensive and third-party quotes over the last year.
Stats NZ is reporting a 22.6% overall.
Consumer NZ CEO John Duffy told Mike Hosking that there’s a lot of causes behind this, but a big one is unforeseen weather events such as Cyclone Gabrielle.
He said that insurers are seeing that that kind of event could happen again, and are updating their pricing accordingly.
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See omnystudio.com/listener for privacy information.
5022 episodes
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Manage episode 419694044 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Owning a car is getting more and more expensive.
Online Insurance Platform Quashed reported a 40% increase in average comprehensive and third-party quotes over the last year.
Stats NZ is reporting a 22.6% overall.
Consumer NZ CEO John Duffy told Mike Hosking that there’s a lot of causes behind this, but a big one is unforeseen weather events such as Cyclone Gabrielle.
He said that insurers are seeing that that kind of event could happen again, and are updating their pricing accordingly.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
5022 episodes
All episodes
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…
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