The insurance professionals online magazine
Feature
The summer’s extreme weather will have significant ramifications for the in...
When asked about the magnitude 6.3 earthquake that rocked the central North Island on 15 February this year, the Prime Minister, Chris Hipkins, said that he was looking out the window for a plague of locusts. Hipkins’ reactio...IBANZ Forum
Question: I have had a motor vehicle claim declined due to the driver breaching the reasonable care condition of the policy. The policy states - 2.4 Reasonable care The Insured must take all reasonable steps t...
FSCL Case Study
In December 2020, Mike* asked his insurance adviser to arrange cover for a new car (“car A”) under his business insurance policy. The adviser replied asking Mike to confirm some details. Mike did not reply to the email, but ...
Feature
IAG New Zealand has appointed Catherine Drayton as a non-executive board member. Drayton is chair of Christchurch International Airport, Guardians of NZ Superannuation, Mint Innovation, and Connexa, and a board member for Genesis...
IBANZ Forum
QUESTION: Hello, I have had a client lodge a claim for frozen food that has defrosted in their freezer at home. The insured advises that the freezer had power on, the light shows up so there hasn't been a power failure....
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...Feature
Delta Insurance co-founder Craig Kirk was named NZ Insurance Industry Leader of the Year at the Australian and New Zealand Institute of Insurance and Finance Awards, as the firm secured the Underwriting Agency of the Year prize. ...
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
As of February 9, Tower received 4810 claims relating to the floods that hit hit the upper North Island on Auckland Anniversary weekend. The NZX-listed insurer noted that 2660 of the claims were for home insurance, 740 were for...
Feature
Insurance Australia Group provided a market update as it dealt with the impact of late January’s floods across the North Island. IAG expects its first-half profit after tax to be A$468 million, while gross written premiums...
