State Insurance is an
insurance company
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
based in
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
. , it is a business division of
IAG New Zealand, a subsidiary of
Insurance Australia Group
Insurance Australia Group Limited (IAG) is a multinational insurance company. It is the largest general insurance company in Australia, and also the largest in New Zealand through its subsidiary IAG New Zealand. IAG had its origins in the Nati ...
.
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The State Insurance Act 1990 repealed the State Insurance Act 1963 and created State Insurance as a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. The branch in Riccarton,
Christchurch
Christchurch ( ; mi, Ōtautahi) is the largest city in the South Island of New Zealand and the seat of the Canterbury Region. Christchurch lies on the South Island's east coast, just north of Banks Peninsula on Pegasus Bay. The Avon Rive ...
, remained open due to the specific customer needs in the area surrounding the
2011 Christchurch earthquake
A major earthquake occurred in Christchurch on Tuesday 22 February 2011 at 12:51 p.m. local time (23:51 UTC, 21 February). The () earthquake struck the entire of the Canterbury region in the South Island, centred south-east ...
, until it closed in 2020.
The company has had well-known commercials that feature the song "
Break My Stride
"Break My Stride" is a song performed by American recording artist Matthew Wilder. It was released in October 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 ...
".
References
External links
*
Insurance companies of New Zealand
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