Environmental

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Subsidence dispute

QUESTION Hi, The insuring clause of a policy covers any unforeseen and sudden physical loss or damage caused by; (f) subsidence, landslip, rockslide or any other movement. The same policy excludes - loss or ...

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Is driveway road insured?

QUESTION... Hello At the end of a public road there is a tar-sealed road that winds up a hill and allows access to half a dozen homes. This road is named and appears on Google Maps. The six properties each have their own priva...

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Court of Appeal decision focus: Leisure Investm...

By Cecily Brick, partner, Fee Langstone

Earlier this year, the Court of Appeal upheld a High Court decision finding the owners of the Christchurch Adventure Park liable for losses caused to neighbouring property owners whose homes were damaged by the spread of fire from the P...

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Hawke’s Bay Independent Flood Review calls for ...

The Hawke’s Bay Independent Flood Review has called on home, business and property owners, iwi/hapū, communities, business groups and regional infrastructure owners impacted by flooding from Cyclone Gabrielle to contribute...

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Suncorp opts for renewable power

Suncorp New Zealand has chosen sustainable energy provider Ecotricity as its utility partner for its 12 new Suncorp New Zealand office spaces across Aotearoa.  The insurer said the switch meant all of its NZ officers were now...

IFSO Case Study

Defective earthquake repairs cause ongoing issues

Amy's* house was damaged in the Christchurch earthquakes. She made a claim under her house insurance and her insurer arranged the repairs. Several years later, Amy found the repairs to be defective, but her insurer declined to...

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Forestry owner liability

Question: We have a client who owns a forestry block. During recent storm events, trees fell onto power lines, causing damage. My understanding is that in order to be legally liable, the trees need to have been found...

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Suncorp New Zealand profit hit by rising claims

Suncorp New Zealand reported a post-tax profit of $115 million for the year to June 30 —  a 30% fall from the previous year. The company said significant weather events, a more than 50% increase in natural disaster...

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Summer storms hit IAG profit

IAG New Zealand saw its annual profit fall by 80% due to the impact of the severe summer weather. The New Zealand division of Australian insurer IAG reported a profit of A$44 million (NZ$47.6 million) for the year ended June 30,...

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Flood impact flows on for the insurance industry

The weather may have subsided, but the summer’s events will have a lasting im...

With the claims process underway, the long-term impacts of Cyclone Gabrielle and the Auckland Anniversary weekend floods are affecting brokers and their clients. As underwriters reevaluate their coverage and exposure in impacted areas,...

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