The insurance professionals online magazine
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...
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 ...
Feature
The Reserve Bank of New Zealand has begun a public consultation on governance and supervisory processes in the insurance sector. The consultation, which will run until February, is the last of four topic-specific consultations maki...
Feature
Claims data released by the Insurance Council of New Zealand Te KÄhui 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....
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...
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...
Feature
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...
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...
Humans of NZI
Meet Loren Greig, NZI’s Senior Business Development Manager (BDM) and first...
2009 was the year Loren Greig’s passion for the insurance industry was ignited. Originally from New Plymouth, Loren made her way down to the windy capital city to begin her first role with NZI as sales support. Since...Feature
New Zealanders are unprepared for wild weather, despite increasing storms and...
New Zealand’s weather is a topic that has recently turned from polite conversation to a much more urgent discussion around the need to take action to keep New Zealanders safe. Part of our mission at NZI is to provide New...
