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Insurance giant IAG has unveiled a three-step plan to try and reduce flood risk in New Zealand’s most exposed communities, following a series of major events. As floods hammered regions including Nelson and the Far North in A...
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Claims, climate change, inflation and regulation have contributed to shrinkin...
An increase in claims, the effects of climate change, inflation and rising premiums are driving change in the insurance industry as underwriters tweak their models to ensure they are fit for purpose in a changing world. The appetit...Feature
Lee Garvey has been appointed as Willis Towers Watson’s regional head of financial solutions for the Asia-Pacific. Garvey will take on the role in addition to his current job leading WTW’s Australasia Financial Solution...
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AIG New Zealand is set to move Auckland’s Commercial Bay Precinct into a greener, more sustainable office. AIG is finalising its relocation to Jarden House from Shortland Street. The insurance giant said the move...
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Question: The Landlord has a meth claim. Insurer has accepted claim and paid a cash amount based upon a cleaning quote. Insured / Landlord has told us they will be keeping the money and not cleaning the property. The...
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Question: The insured is a contract bottling company. That means they take other parties’ manufactured product and perform, under contract, the bottling and labelling of that product. Once the product has been...
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Question: A client owns a unit in a body corporate with very little contents, and they do not want insurance for these. They have another property with contents insurance. Would their section 2 liability be covered under...
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Question: My client had a vehicle he imported transported to his premises by a transport company. The vehicle arrived damaged (scratch on bodywork) and he has made a claim against the transport company (The Company) who have...
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Question: We have a client that has discovered gradual damage due to a fault in the shower mixer. There has not been any visible signs of any damage until the client pulled some furniture out from a bedroom wall. At this stage,...
IFSO Case Study
The sequence of disastrous events began innocently enough when Mr H* had a craving for steak and chips. For reasons unknown, he decided to cook his steak in a toaster. Having inserted the steak into his toaster and started the toasting...
