State Insurance

Last updated

State Insurance
Headquarters Auckland
Location
ServicesGeneral insurance, business insurance, life insurance and travel insurance
Parent organization
IAG New Zealand
Website www.state.co.nz

State Insurance is an insurance company based in New Zealand. As of 2011, it is a business division of IAG New Zealand, a subsidiary of Insurance Australia Group.

Contents

History

State Insurance was formerly called the State Insurance Office. Previously, it had been the State Fire and Accident Office.

The State Insurance Act 1990 repealed the State Insurance Act 1963 and created State Insurance as a state-owned enterprise.

In late 2014, State closed all but one of its branches saying that 94% of customers were conducting their business online or over the phone. [1] The branch in Riccarton, Christchurch, remained open due to the specific customer needs in the area surrounding the 2011 Christchurch earthquake, until it closed in 2020.

The company has had well-known commercials that feature the song "Break My Stride". [2]

Related Research Articles

<span class="mw-page-title-main">Gramm–Leach–Bliley Act</span> Act of the 106th United States Congress (1999–2001)

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies, and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.

<span class="mw-page-title-main">Banking in the United States</span> Overview of the U.S. financial system

In the United States, banking had begun by the 1780s, along with the country's founding. It has developed into a highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street, it is centered on various financial services, such as private banking, asset management, and deposit security.

<span class="mw-page-title-main">ING Group</span> Dutch multinational banking and financial services corporation

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally.

<span class="mw-page-title-main">Bank of Baroda</span> Indian public sector bank

Bank of Baroda is an Indian public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 153 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Based on 2023 data, it is ranked 586 on the Forbes Global 2000 list.

<span class="mw-page-title-main">Commonwealth Bank</span> Australian multinational bank

The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States, and the United Kingdom. It provides a variety of financial services, including retail, business and institutional banking, funds management, superannuation, insurance, investment, and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015, with brands including Bankwest, Colonial First State Investments, ASB Bank, Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank.

<span class="mw-page-title-main">ANZ Bank New Zealand</span> Retail bank in New Zealand

ANZ Bank New Zealand Limited is a New Zealand banking and financial services company, which operates as a subsidiary of Australia and New Zealand Banking Group Limited of Australia. ANZ is one of New Zealand's big four banks, and is the largest bank in New Zealand with approximately 30% of market share as of March 2021.

<span class="mw-page-title-main">ASB Bank</span> Bank in New Zealand

ASB Bank Limited, commonly stylised as ASB, is a bank owned by Commonwealth Bank of Australia, operating in New Zealand. It provides a range of financial services including retail, business and rural banking, funds management, as well as insurance through its Sovereign Limited subsidiary, and investment and securities services through its ASB Group Investments and ASB Securities divisions. ASB also operated BankDirect, a branchless banking service that provides service via phone, Internet, EFTPOS and ATMs only.

<span class="mw-page-title-main">Bank of New Zealand</span> Financial institution in New Zealand

Bank of New Zealand (BNZ) is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861. The bank operates a variety of financial services covering retail, business and institutional banking and employs over 5,000 people in New Zealand. In 1992 the bank was purchased by the National Australia Bank and has since then operated as a subsidiary, but it retains local governance with a New Zealand board of directors.

<span class="mw-page-title-main">Post Office Savings Bank (New Zealand)</span> New Zealand bank

Post Office Savings Bank, or very briefly PostBank, was a bank owned by the New Zealand Government as the government's postal savings system. The bank was established in 1867. It became PostBank in 1987 and was disestablished and the branches were rebranded when it was acquired by Australia and New Zealand Banking Group (ANZ) in 1989.

<span class="mw-page-title-main">Break My Stride</span> 1983 single by Matthew Wilder

"Break My Stride" is a song performed by American recording artist Matthew Wilder. It was released in August 1983 as the lead single from his debut album, I Don't Speak the Language, and became a major worldwide hit single for him in late 1983 and spring 1984, reaching number five on the Billboard Hot 100 and number two on the Cash Box Top 100.

Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. It is one of Australia's mid-size banks and its largest general insurance group, formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC).

<span class="mw-page-title-main">Arthur Barnett Ltd</span>

Arthur Barnett Ltd, trading as Arthur Barnett and often referred to as Arthur Barnett's, was a department store in Dunedin, New Zealand. Established in 1903 by Arthur Barnett the store first began as a drapery for men and boys, progressing over the years to become one of Dunedin's most successful department stores. As well as their flagship George Street store, Arthur Barnett had stores in Balclutha, Alexandra, Oamaru, and Christchurch. They also briefly had a branch in Melbourne which operated from 1970 to 1977. This branch sold mainly carpeting and furniture. The final Arthur Barnett store and its online store was taken over by Invercargill-based department store chain H & J Smith in 2015.

<span class="mw-page-title-main">New Zealand Railways Corporation</span>

New Zealand Railways Corporation (NZRC) is the state-owned enterprise that owns the land beneath KiwiRail's railway network on behalf of the Crown. The Corporation has existed under a number of guises since 1982, when the old New Zealand Railways Department was corporatised followed by deregulation of the land transport sector. In 1986, the Corporation became a State-owned enterprise, required to make a profit. Huge job losses and cutbacks ensued, and the rail network, rail operations and ferry service of the Corporation were transferred to New Zealand Rail Limited in 1990. The Corporation retained ownership of the land beneath the railway network, and charged a nominal rental to New Zealand Rail, which was privatised in 1993, and renamed Tranz Rail in 1995. In 2004, following a deal with Tranz Rail's new owners Toll NZ, the Corporation took over responsibility for maintaining and upgrading the rail network once more, trading under the name ONTRACK. Negotiations with Toll over track access charges concluded after four years with no agreement reached, so the government purchased the entire rail and ferry operations, naming the service KiwiRail. ONTRACK's railway infrastructure and employees were then transferred to KiwiRail in 2008, which itself was initially a subsidiary of the Corporation. On 31 December 2012, the Corporation once again became the landowner.

KiwiRail Holdings Limited is a New Zealand state-owned enterprise (SOE) responsible for rail operations in New Zealand and operates inter-island ferries. Trading as KiwiRail and headquartered at 604 Great South Road, Ellerslie, KiwiRail is the largest rail transport operator in New Zealand. KiwiRail has business units of KiwiRail Freight, Great Journeys New Zealand and Interislander. The company was formed in 2008 when the government renationalised above-rail operations and inter-island ferry operations, then owned by Toll Holdings. In 2021, the government launched the New Zealand Rail Plan, with funding for rail projects to come from the National Land Transport Fund (NLTF), and with KiwiRail remaining an SOE but paying Track Access Charges (TACs) to use the network.

<span class="mw-page-title-main">Westpac</span> Australian multinational bank

Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales.

Toka Tū Ake EQC, also known as the Earthquake Commission,, is a New Zealand Crown entity that invests in natural disaster research and education as well as providing natural disaster insurance to residential property owners. In March 2022, a bill was introduced to, among other changes, update the name of the Earthquake Commission to Toka Tū Ake – Natural Hazards Commission.

The 2010 Canterbury earthquake struck the South Island of New Zealand with a moment magnitude of 7.1 at 4:35 am local time on 4 September, and had a maximum perceived intensity of X (Extreme) on the Mercalli intensity scale. Some damaging aftershocks followed the main event, the strongest of which was a magnitude 6.3 shock known as the Christchurch earthquake that occurred nearly six months later on 22 February 2011. Because this aftershock was centred very close to Christchurch, it was much more destructive and resulted in the deaths of 185 people.

<span class="mw-page-title-main">Ballantynes</span> Department store company in New Zealand

J Ballantyne and Company Ltd, trading as Ballantynes is a Christchurch, New Zealand-based department store operator. Established in 1854, it is New Zealand's oldest department store. Ballantynes is also a member of the Intercontinental Group of Department Stores. Alongside their flagship store in Christchurch Central City, the Cantabrian company operates a store in Timaru. The company also operates Contemporary Lounge, offering more youth-oriented fashion styles within the Christchurch store.

<span class="mw-page-title-main">Deon Swiggs</span> New Zealand activist and politician

Deon William Swiggs is a New Zealand politician serving as the Environment Canterbury Councillor representing the Christchurch West/Ōpuna Regional Constituency. He previously served as the Christchurch City Councillor representing the Central ward from 2016 to 2019. Prior to Swiggs being elected, he was most well known for his participation in Rebuild Christchurch, an organisation founded after the 2010 Canterbury earthquake.

<span class="mw-page-title-main">AMI Insurance</span>

AMI Insurance began in Christchurch, New Zealand, in 1926 as the South Island Motor Union (SIMU), and grew to be the second biggest residential insurer in New Zealand. It was a mutual insurance company, meaning it was owned by its policy holders, until it was bought out by IAG New Zealand in 2011, following the 2011 Christchurch earthquake.

References

  1. "State branch network changes". www.state.co.nz. Archived from the original on 21 January 2016. Retrieved 23 October 2015.
  2. "State Insurance -- Ain't Nothing Gonna Break My Stride". The Coopers - Sound Design. 2012. Archived from the original on 19 December 2021. Retrieved 17 August 2019 via YouTube.