Feature
The battle lines have been drawn in the insurance industry’s war against insurance fraud with the establishment of a new Insurance Fraud Bureau set up by the Insurance Council. But just how common is insurance fraud? And what kin...
Feature
By Angela Cuming
In the brave new world of the age of the internet there is one threat that looms largest to businesses: cyber-attacks. As of January 2020, virtually all of AIG’s commercial property and casualty insurance policies wil...Feature
By Andrew Horne, partner, and Cora Choi, solicitor at Minter Ellison Rudd Watts
The Court of Appeal’s recent decision in Houghton v Saunders [2019] NZCA 285 indicates that litigants in New Zealand may be able to benefit from an After the Event costs insurance policy (ATE policy). This may increase litigation...
Feature
FSCL’s Susan Taylor offers insights into what lies ahead for brokers.
T ransitional licensing for financial advisers and brokers opened on November 25. The FMA has indicated that there will be two standard conditions on financial advice provider transitional licences: You must...Opinion
By Richard Harding, chief executive, Tower Insurance
We need to do more to deliver good customer outcomes. Confidence in our industry is at an all-time low. You only need to open the paper and you can read about a stream of debatable business practices. And these claims...Feature
Iwona Bettridge discusses her career in insurance
Iwona Bettridge admits she barely even knew what insurance was when she joined NZI 15 years ago - now she’s a highly regarded regional manager for the company’s AON CPF (client placement facility) line. Like many...Feature
By Andrew Horne, partner, and Nick Frith, senior associate, Minter Ellison Rudd Watts Company directors are facing increasing challenges. Substantial damages awards in the Mainzeal case, together with a greater presence of...
Feature
By Olivia de Pont, senior associate, and Nick Frith, senior associate, Minter Ellison Rudd Watts The Government has announced a new package to assist purchasers of earthquake-damaged homes who have discovered that the property...
PIQ College
To a certain extent we all have expectations about future events or occurrences which are in part formed by our beliefs and experiences. If you have not studied by distance learning before you may have some unreal...
PIQ College
This year’s Women in Insurance Broker of the Year winner, Faith Owens from Br...
How did you come to be a broker? I started my career working for AA Insurance in Penrose many years ago, and then carried on working in insurance in London in the early 2000s. This included a stint at loss adjusting...FSCL Case Study
The insured travelled to Australia to spend time with her daughter. One day, she accidentally dropped her daughter’s laptop while she was sitting on the couch. The screen became discoloured and eventually stopped working. The...
FSCL Case Study
In early 2018, the insured’s jet ski stopped working. He took the jet ski to his usual repairer, but they were at capacity, and could not take on the repairs. They recommended another repairer, who was performing repairs...
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Question.. Hope you can assist on a little travel claim as the insurers are declining based on semantics. Our client has a corporate travel policy in place. Our client makes up part of the executive management team and is...
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Question... I have a company who is constructing a building in their own name. They have arranged contract works insurance, but have also asked about defective workmanship. As the building is owned by them, I advised they could...
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Question... Our client had a car that was insured in his name stolen. The claim was recently settled by payment to his nominated account. His wife has now asked for details of the settlement as she says she is...
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