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Latest Articles

FSCL Case Study

Unauthorised disclosure an expensive mistake fo...

Mark* operated a motel business. His insurance broker assisted with the placement and renewal of the motel’s business insurance policies. As part of an insurance renewal process, the broker asked Mark whether the motel had any con...
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Appointments

Rothbury Insurance Brokers has appointed Charle...

The role was created following a review of Business Operations to ensure the support provided to broking branches continues to evolve with the needs of the business. As Head of Broking Services, Charlene is focused on improving how brok...
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Appointments

NZI strengthens leadership capability with two ...

NZI has announced two senior appointments that further strengthen its Property and Liability team’s capability and reinforce its commitment to supporting brokers and customers in an increasingly complex insurance market. Tro...
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Climate Change

The climate risks you can’t insure away

By Rachael Pettigrew, Head of Risk Advisory, Willis NZ

Organisations can spend more time preparing for the last crisis than they do for the next one. Insurance remains one of the most effective tools for managing known risks. However, some of the biggest threats facing businesses today...
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Feature

Why meaningful choice matters

By Paul Uprichard, Executive Director, New Zealand Underwriting Agencies Coun...

Choice is one of the most valuable things a broker can offer a client. But choice, in itself, is not the objective. A healthy insurance market isn't defined solely by the number of products or participants it has; rather, the...
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Climate Change

Climate Change Response Amendment Bill welcomed

Insurance Council of New Zealand

The Climate Change Response Amendment Bill has been welcomed by insurers for setting out a long-awaited framework for climate adaptation, but they warn that funding, implementation and durable political support will be critical to...
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Feature

Cyber insurance delivers meaningful financial p...

More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to the latest report published in Australia by Willis, a WTW business (NASDAQ:WTW). The report, Cyber...
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Feature

Lessons from the FIFA World Cup

As North America hosted the largest FIFA World Cup in history, risk managers looked beyond the matches themselves. With 48 teams, 104 matches and millions of fans expected across the US, Canada and Mexico, the tournament’s...
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IBANZ Forum

Application of 'Turnover elsewhere after damage...

Material Damage/BI/Contract Works

QUESTION I have a client who owns a restaurant which suffered damage and was unable to trade for three weeks, resulting in a Gross Profit loss.  Their insurer has accepted the Business Interruption claim, however has...
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FSCL Case Study

You can’t unknow what your broker knows

Ross* bought a commercial property insurance policy through his broker. Ross owned a business that manufactured and leased small buildings to third parties. One of the buildings was stolen while located at a customer’s property....
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