Latest Articles

Opinion

How should insureds approach claim when full ex...

English Court of Appeal says a ‘hornets’ nest’ or ‘can of worms’ is a valid c...

The English Court of Appeal recently overturned the High Court’s decision in Euro Pools Plc v Royal and Sun Alliance Insurance Plc [2018] EWHC 46. The Court of Appeal allowed the appeal in  Euro Pools Plc v Royal an...

Feature

Doig vs Tower Insurance

The Court of Appeal says no to an assigned claim by Andrew Horne and Olivia ...

The Court of Appeal recently delivered judgment in Doig v Tower Insurance, the latest in a series of assigned material damage claims. We covered the High Court decision last year. This decision is relevant to all material damage cl...

Feature

Here’s why you need to forget about the competi...

Take a tip from Jeff Bezos and worry less about what others are doing. By Lo...

Jeff Bezos is not without fault. Yes, he’s the wealthiest human on the planet, and while I can’t confirm where he spends his money, it is hoped he chooses to do some good with it. Regardless of whether his moral compass poin...

Feature

Assisting a business after a work accident

A business is facing the “unthinkable” after the death of an employee in an accident. Fire, ambulance and police take control of the scene. WorkSafe inspectors are on their way.  Co-workers and friends are shocked and...

Feature

Risk under the microscope

A sea change in pricing property insurance by Andrew Horne and Olivia de Pon...

New Zealand’s largest property insurer group recently announced a move towards more risk-based underwriting for property and contents insurance in areas considered prone to natural disasters. These changes will result in premium...

Feature

Do brokers and insurers owe continuing duties ...

by Andrew Horne and Nick Frith, of Minter Ellison Rudd Watts

A recent case indicates that insurance brokers and insurers may owe a continuing duty to inform customers if circumstances change during the policy term. This will be of interest to brokers and insurers who may have assumed...

IFSO Case Study

Vehicle insurance: how you can help your clients

Last year, the IFSO Scheme received over 1000 complaint enquiries about vehicle insurance. By comparison, we receive very few complaints about financial advisers.  However, your guidance can significantly improve your...

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Rogue employees - The insider threat

Cyber threats aren’t just from hackers outside your business.

The greatest threat to your company and network is not the hackers and crackers on the outside trying to get in but your own employees who want to cause mischief or who inadvertently cause damage from within.   A determined...

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Kevin Horrack celebrates 50 years!

  Kevin Horrack, a keen footie man (and recently lawn bowls!) celebrated 50 years with NZI on 1 September. We caught up with him to find out his secret to a long and happy insurance career. “I landed in...

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Insurers grapple with meth questions

Post-Gluckman Report, what comes next for insurance companies assessing conta...

It was the bombshell report that all but wiped out the lucrative methamphetamine-testing industry. And now, more than 12 months later, the findings of the Gluckman Report may finally be starting to change the insurance industry,...

Live News

The Earthquake Commission Act changes: what the...

Four changes to the Earthquake Commission (EQC) Act have come into effect this year. They are part of an overall push to put in place the lessons learned from recent event responses including the Canterbury earthquakes. The changes...

Live News

Tower axes disclosure requirement

Kiwi insurer Tower has committed to remove the duty of disclosure from its sales and claims processes before the end of the year. Chief executive Richard Harding says that there had been a bit of talk in the news lately about how...

Live News

Suncorp profit bounces

A relatively benign year for weather has helped to boost Suncorp New Zealand’s bottom line. The insurer announced net profit after tax of $261 million for the full year ended June 30, up 76% on the prior corresponding period....

Live News

Tribunal to hear earthquake claims

Canterbury homeowners are being offered a new way to resolve their outstanding earthquake claims. The Canterbury Earthquakes Insurance Tribunal opened on June 10. Justice Minister Andrew Little said it would be a fair,...

Live News

Supreme Court confirms insurers have to agree t...

A Supreme Court decision in the IAG v Xu case has affirmed long-held legal principles regarding assignment law, the Insurance Council says. It involved a house sold on an “as is” basis with an assignment of the original...

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