News Non-Life23 Sep 2024

New Zealand:Govt lowers rate of increase in fire levy in insurance policies

| 23 Sep 2024

The New Zealand government has agreed to the rates for the redesigned levy that will fund Fire and Emergency New Zealand (FENZ) from July 2026, said Minister of Internal Affairs, Ms Brooke van Velden. The rate of levy increase is revised to 2.2%, lower than earlier envisaged.

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