The insurance professionals online magazine
Feature
Tower reduced its forecast for annual profits and dividends following the North Island floods and Cyclone Gabrielle. The insurance company now expects net profit after tax of between $18 million to $23 million, down from a previous...
Humans of NZI
Meet Toby Lancaster, NZI’s new electrical inspector, who’s come on board ...
Dealing with anything electrical can be frightening for some people, and for good reason. Toby Lancaster, on the other hand, discovered his passion at a young age after following in his father's footsteps into the trade. ...IBANZ Forum
QUESTION: A garage door was damaged when a third party accidentally drove into it. The owner of the damaged property is a limited liability company. The third party was driving the company director's pri...
Feature
AA Insurance expected the January storms to be the largest motor claims event in its history. As of February, with claims numbers expected to rise, AA had received more than 5300 claims in total. Around 2300 were home...
IBANZ Forum
QUESTION: Our client's vehicle hit a third party (no dispute —it was our client at fault). Our client's policy excluded U25's and an U25 was driving, so our client is liable for the third party damage....
Feature
Suncorp sent an additional team of claims specialists and assessors from its Australian insurance operations to New Zealand as communities in the North Island dealt with more severe weather, including heavy rain and gale-force winds,...
IBANZ Forum
QUESTION: An internal water valve starting leaking sometime between 5th December (when the Insured went on holiday) and the 14th December, when they returned and found the resultant damage to ceilings, carpets etc, some of which...
Feature
By February 14, AMI, State, and NZI had received over 21,000 claims from the summer’s North Island floods, as the devastating weather events continued. According to IAG, 57% of claims were for homes, 21% for contents, 6% for...
IBANZ Forum
QUESTION: We have a claim where a settlement offer is to be based on indemnity value. The item damaged is an artificial bowling green and the costs to reinstate include a number of different elements that make up the quote,...
Feature
The summer’s devastating North Island floods and Cyclone Gabrielle will cha...
Climate change is having a real and tangible impact on New Zealanders' lives, as the frequency and severity of extreme weather events increased during this summer's devastating floods. The events are set to have a significant...
