Humans of NZI
Meet NZI’s new EM Operations and Governance, Nancy So
Driving positive change through good processes and creative thinking has always motivated Nancy So, who has recently been promoted into the new role of executive manager operations and governance for NZI. Born in Guyana in ...Feature
By Mark Taylor Chartered Loss Adjuster, Major & Complex Loss (MCL) Global Pr...
Bushfires are a foreign disaster for New Zealand. Although there have been wildfires in the past, none have been as intense as the recent cases in Australia. The climate in New Zealand is different, and the land isn’t expansive an...Feature
When is a broker obliged to clarify terms with the underwriter? By Andrew Ho...
The English High Court repeated the question “Why take the chance, why not just do it?” when assessing whether an insurance broker, Edge, was obliged to clarify unusual policy terms with underwriters in order to protect it...
Feature
Andrew Horne and Nick Frith, Minter Ellison Rudd Watts
Class actions, which under our current rules, are representative actions, are now firmly part of the New Zealand legal landscape. They are also of significant interest to insurers, both in terms of their own potential exposure (e.g....Feature
Andrew Horne and Nick Frith, Minter Ellison Rudd Watts
On Christmas Day last year, the Reserve Bank of New Zealand suffered a cyber attack. The attack involved a malicious actor gaining access to a third party file sharing application named Accellion FTA, which the Reserve Bank used to...PIQ College
For those of you that attended the recent Financial Services Council Get in Shape Advice Summits, I recall Sharon Corbett from MBIE commenting on the fact that the first meeting she had to start the review of the Financial Adviser Act...
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QUESTION The local hospice has a stand-alone dwelling on the grounds of the hospice which is used by relatives of patients for short-term stays. Multiple parties use the dwelling over the course of the year and for some periods...
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QUESTION The claimant was engaged by a TP to install a solar array on the roof of their home. The insured is a solar installation company. The company made an inspection of the internal roof void but only identified...
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QUESTION If a tenant breaches a warranty under a material damage policy which gives rise to a claim, will the landlords’ policy still respond? Providing that the landlord has provided the tenant with a copy of the...
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QUESTION My client runs a small self-storage facility, mainly made up of shipping containers. The terms and conditions of storage that he requires all clients to sign state: "The service provided to you, the storer,...
IFSO Case Study
In January 2020, Mr B arranged cover for a trip to Bali, between 5 April 2020 and 17 April 2020. In February 2020, Mr B cancelled the trip, due to the outbreak of Covid-19. Mr B made a claim to the insurer for...
IFSO Case Study
Mr and Mrs A had cover for their house with the insurer. In January 2018, a significant storm event caused damage to the house. A couple of weeks later, a toilet at the house overflowed, associated with the cleaning of the septic tank...
FSCL Case Study
A woman had suffered from indigestion for years and had, from time to time, taken prescription medication to relieve the symptoms. In November 2019, she went to her doctor because she was experiencing heartburn and pain on her...
FSCL Case Study
In November 2019, a woman booked a trip to the Bahamas. She was scheduled to fly from New Zealand to Houston on 12 April 2020, and then onwards to Nassau, the capital of the Bahamas. The following day, she would fly from Nassau to...
FSCL Case Study
A couple were travelling by train through Europe. In a crowded train station, they needed to transfer trains and the woman accidentally left her handbag on the luggage rack. They did not realise she had lost her handbag until they...
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