Insurer

SPOTLIGHT ON

Feature

Duty to disclose gets update

by Lloyd Kavanagh, Jeremy Muir, Kara Daly, Andrew Suggate, Maria Collett-Beva...

A little over 20 years ago, the Law Commission published a paper with a title that hinted only vaguely at its contents: “Some Insurance Law Problems”. It examined five unrelated aspects of insurance law that were genera...

Live News

Dash cams offer clarity for claims

QBE Insurance and road safety organisation Brake are encouraging businesses and motorists to embrace New Zealand’s dash cam usage trend, citing the devices’ significant potential insurance, financial and safety benefits. ...

FSCL Case Study

Marine mix-up

Bryan, an experienced mariner, noticed damage to his yacht when it was moored at a marina.   Fortunately, Bryan had insurance. There was some dispute with the insurer around the cause of the damage. However, in the end, the i...

Ask an Expert

Wear and tear

Question... My client has a motor vehicle accident whilst towing a trailer where he lost control and spun off the road. The insurer accepted the claim but disputes some of the damage advising it is general wear and tear (this...

Ask an Expert

Ex-gratia payments and third parties

Question... In a situation where an insurer makes an ex-gratia payment to their client under a material damage policy, does the insurer still obtain the right to subrogated recoveries against a liable third party?...

Opinion

What happens if you change your mind?

Can an insurance broker renege on a proposed underwriting agency relationship...

Entering into a business relationship with another party can be complicated; many issues need to be discussed and agreed to. The parties need to be free to negotiate without commitment until they reach substantial agreement. Once they...

Feature

Who are New Zealand’s insurance brokers in 2019?

By Angela Cuming

Buying insurance may be easy enough but buying the right type of insurance is often not so straightforward. There’s a lot a stake when it comes to insurance – choose wisely and a person’s financial security and peace...

Live News

Which cars are thieves' top picks?

The desire for a stolen Toyota Hilux, Subaru Legacy and Subaru Impreza shows no signs of diminishing, with at least two reported stolen every day around New Zealand. Analysis of police data by financial...

Feature

To disclose or not to disclose

Do insureds need to disclose their insurance policy when matters turn litigious?

Plaintiffs want to know a defendant’s financial position so they may determine the enforceability of a judgment. Often the mere knowledge of an insurance policy will steel a plaintiff’s resolve to bring or to continue...

Live News

Insurers promote diversity

Marsh, AIG and NZBrokers are hosting events in New Zealand as part of the international Dive In Festival, which promotes diversity and inclusion in the insurance industry. The festival is in its fourth year and involves events in...

Live News

Conduct in question

Commerce Minister Kris Faafoi is asking whether there is a need for more regulation of insurer conduct, as part of the insurance contract law review. Public consultation has begun as part of the review process....

Stories

Are your small business customers accessing gov...

Burglary, theft and aggravated robbery is becoming a big problem for small retail outlets, and the number of reported incidents of violence against dairy and liquor store owners, staff and customers during robberies is high. Now...

Stories

Brokers use Vero SME Index insights to attract ...

Vero has confirmed that it will release the second edition of the SME Insurance Index in April 2018, following the successful New Zealand launch of the Index last year. “After we released the research last year, we surveyed...

Stories

Smoother sailing for IAG

IAG’s first-half earnings were buoyed by an absence of natural disasters. Its New Zealand earnings rose to A$119 million in the six months ended December 31, up from A$36m a year earlier. That was mostly due to a 15%...

Stories

New face in Rothbury executive

Chris Hughes has joined the Rothbury executive leadership team in the newly created role of executive general manager – broking services and business operations.  “It’s exciting to build more capability to...

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