FSCL Case Study
In March 2020, Tawera* borrowed $16,000 to buy a new family car. Alongside the loan, Tawera purchased a health waiver that was intended to help him if he was unable to make his loan repayments due to sickness, hospitalisation, or termin...
IFSO Case Study
There is a difference between a sudden event and pre-existing damage. Insurers will cover a sudden event that meets the policy’s terms and conditions, but they are not obliged to pay for damage that happened before the policy star...
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Ahead of October’s local government elections, the Insurance Council of New Zealand called on mayors, councillors and community board members to prioritise climate resilience, as environmental risks grow. ICNZ chief executive...
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Damaged and lost mobile phones cost New Zealanders an average of $13.5 million every year, according to State Insurance. State has received 35,899 contents insurance claims for mobile phones over the past two and half years –...
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New research from AMI Insurance has revealed that cars owned by younger people are at greatest risk of being stolen. Research published earlier this year revealed that the most commonly stolen cars in NZ were:...
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Claims data released by the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) revealed that mid-August’s extreme weather resulted in 3,165 general insurance claims with a provisional value of $47.98 million....
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Philip van Zyl, chief executive officer of Sedgwick New Zealand, shares his t...
What are the biggest challenges facing loss adjusting and the wider insurance sector right now? Staff resourcing appears to be the perennial challenge that loss adjusters face, as do insurers and brokers. Whether we...Opinion
The Financial Markets (Conduct of Institutions) Act 2022 became law on June 29. However, the practical impact of it on intermediaries could not be assessed at the time as key regulations under it had not been drafted. The...
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Lloyd Kavanagh, Maria Collett-Bevan and Sarah Jones, MinterEllisonRuddWatts, ...
The Insurance Contracts Bill (Bill) released for consultation on 24 February 2022, proposes to make insurance contracts subject to the unfair contract terms regime under the Fair Trading Act 1986 (FTA) (UCT regime). If introduced, this...Feature
Global insurance broker Howden has acquired the personal injury business of claims administrator Gallagher Bassett New Zealand. The acquisition by Howden Care New Zealand, Howden’s local workplace claims management...
