The insurance professionals online magazine
Insurance Council News
One in two New Zealanders believe the Government should invest more to protect people and properties from extreme weather events, according to a new survey. Commissioned by the Insurance Council of New Zealand | Te KÄhui In...
Feature
Sam Kerr | Managing Director - Share General, and Vice President - IBANZ
The future of the insurance industry depends on our ability to nurture the next generation of brokers. With the regulatory changes we’ve all been through over the past few years, we saw the introduction of the NZQA Level 5 Fi...Feature
IAG has published new research in collaboration with Sapere Research Group that shows New Zealand’s $64 billion spend on natural hazards is heavily skewed to recovery over resilience. This research has been publis...
Insurance Council News
One in five New Zealanders has switched insurance providers in the last two years, according to a new survey. Commissioned by the Insurance Council of New Zealand Te KÄhui Inihua o Aotearoa (ICNZ), the survey found 20% of...
IBANZ Forum
QUESTION I would like a definitive answer on an interpretation of the following exclusion please: "Loss resulting from ingestion or entry of any foreign object into any agricultural implement or machine (eg....
IBANZ Forum
QUESTION Hi - after recommending a client who is a retiring plumber continue with public liability for an annual term after retiring, I received this response from their solicitor. I'd appreciate your thoughts on their...
FSCL Case Study
The construction company complained that their insurer had mishandled several...
A construction company used an insurance broker to arrange commercial insurance policies with their insurer. Between 2021 and 2022, the company made various claims against their insurance, including in June 2021 for damage to a crane,...FSCL Case Study
The Body Corporate disagreed with the insurer’s decision to decline their c...
Spencer* is the representative of a Body Corporate that manages a large commercial complex. In 2023, an intense period of heavy rainfall and subsequent flooding caused significant water damage to the complex. Surface flooding damaged...Feature
Can compulsory building reports save insurers millions?
A Christchurch-based building consultant says the property insurance model is “flawed” and building reports that are both compulsory and detailed would significantly reduce the costs and risks faced by insurers, consumers...IBANZ Forum
QUESTION We have been experiencing a rapidly growing number of claims where assessors and loss adjustors are displaying a strong bias against the client in favour of the insurers. We all know they are supposed to...
