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ICNZ welcomes mapping decision

The Insurance Council of New Zealand is pleased with the decision of Regional Economic Development Minister Shane Jones to provide funding through the Provincial Growth Fund for expanded LiDAR data mapping in the regions. LiDAR use...

Live News

Bill to extend transitional levy

A bill that will extend the transitional levy rate for Fire and Emergency New Zealand to June 30, 2020, was introduced to Parliament at the end of October by Internal Affairs Minister Tracey Martin. Martin said the introduction of ...

Live News

AMI launches on WeChat

Chinese-Kiwis can now connect more closely with AMI, as the general insurer becomes the first in New Zealand to establish itself on social network WeChat. WeChat is one of the most popular social networks in the world, with more th...

Live News

FSCL reports surge in complaints

External disputes resolution scheme Financial Services Complaints Ltd has ticked off its busiest year yet. In its annual report, FSCL reported a 35% increase in complaints opened for investigation in the year ending June 30....

Live News

Suncorp focuses on flexible working solutions

Suncorp New Zealand is using technology to create a more flexible and collaborative working environment for its global workforce. This includes leveraging Nutanix Enterprise Cloud OS software to support Suncorp’s Citrix virtual...

Live News

Chubb expands Australasian offering

Chubb has established a major accounts division in Australia and New Zealand, with the aim of delivering dedicated premium service encompassing underwriting, risk engineering and claims for large, global and multinational clients and...

Live News

ICNZ addresses mesh concerns

The Insurance Council is reassuring homeowners that they should not be unduly concerned about insurance claims being declined for homes built with steel mesh sourced from Steel and Tube. The reassurance follows the Commerce...

Live News

NZ second-riskiest in the world

New Zealand has been ranked as the second-riskiest country in the world in a major international study released by Lloyd’s of London. The report looks at non-life underinsurance and insurance penetration data for 43...

Live News

Kiwis worry about online security

New Zealanders are more concerned about data security issues spanning identity theft, credit card fraud and internet viruses or hacking, than natural disasters or terrorism. That’s according to the 2018 Unisys Security Index....

Live News

Cunningham Lindsey becomes Sedgwick

Loss adjusting and claims management firm Cunningham Lindsey is rebranding. From this month, the business will operate as Sedgwick. The business was acquired by Sedgwick in April but had been operating under two brands. Chief...

PIQ College

Code of conduct coming for advisers

Do you know what the new Code of Professional Conduct will mean for you? If not, call Sylvia on 09 306 1737 or email sylvia@professionaliq.co.nz   Professional IQ College is NZQA-accredited to deliver the New Zealand...

FSCL Case Study

Clients must honour obligations

Parvati owned a fish and chip shop and arranged insurance cover for material damage through her broker. The fat in the shop’s deep fat fryer overheated and caught fire, destroying the shop. Parvati made an insurance claim. ...

FSCL Case Study

Breaking the rules doesn’t always ruin cover

Under New Zealand law (Insurance Law Reform Act 1977, s 11), insurers cannot rely on a policy exclusion unless the excluded event or circumstances caused or contributed to the insured’s loss. The wording of s 11 can be summarised...

Ask an Expert

Switching brokers

Question... A client changes broker at the renewal of their policies. The new broker arranges new covers for the next 12 months with a different set of insurers. After the new policies have commenced the previous motor...

Ask an Expert

One incident or two?

Question... I have a tour coach operator based in Queenstown. On the day of the Queenstown marathon their coach was directed by the police to go down a street that due to its steepness my client would never use. Although they...

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