Feature
New analysis from security company Auckland CCTV has found that burglars are most likely to strike in the city’s centre. The Auckland-based company has compiled a report on burglary activity after analysing police data for al...
Feature
Many business owners will require resilience to recover from the effects of recent flooding in New Zealand's largest city, according to Nick Meister, executive manager, business at Vero Insurance. He promot...
Feature
Property damage claims from bad weather are up a third on last year, according to insurer IAG. The insurance group released its latest Wild Weather Tracker analysing the six months from March to August this year compared to t...
IBANZ Forum
QUESTION: We have a situation where an insured (the builder) was building a house in 2019-2020 and a sub-contractor (now out of business) accidentally oiled a bamboo panelled ceiling incorrectly. This has led to damage to the...
IBANZ Forum
QUESTION: We are having a number of conversations relating to public liability and how it would respond to fork lifts and reach trucks when they do not have loads on the forks. One point of view is that if there is nothing on...
IBANZ Forum
QUESTION: My client is insistent that their full cover should cover the damage to their other vehicle, (which has TPFT) when they reversed the fully covered vehicle into the one with TPFT (which was stationery). The insurer...
IBANZ Forum
QUESTION: We have had a PI claim declined on the basis that the compensation awarded against our client is considered by the insurer to be fees, which are excluded under a "refund of fees" exclusion. The...
IBANZ Forum
QUESTION: We have a client who had $60,000 of GIB stolen from a commercial construction site. The claim for the GIB was settled after a few months while the loss was adjusted. However, the client has asked for a claim to be made...
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...
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...
