The insurance professionals online magazine
Feature
Suncorp New Zealand saw post-tax profit fall by 23% in the 12 months to June amid higher natural hazard costs and lower investment returns. The NZ insurance group made $165 million over the year, as Australian parent Suncorp announ...
Feature
AA Insurance chief executive Chris Curtin is set to retire at the end of 2022 after 28 years at the helm. Curtin has led the company from a start-up to one of the nation’s largest insurers, employing more than 1,000 p...
Feature
Gabrielle Cook, national people and culture manager, Gallagher Bassett
Keeping employees motivated is a challenge that all managers face at the best of times, and as we shift into a post-pandemic world, this challenge has never been greater. As New Zealand opens its borders to the rest of the wo...
Feature
Insurance giant IAG has unveiled a three-step plan to try and reduce flood risk in New Zealand’s most exposed communities, following a series of major events. As floods hammered regions including Nelson and the Far North in...
IBANZ Forum
Question: The Landlord has a meth claim. Insurer has accepted claim and paid a cash amount based upon a cleaning quote. Insured / Landlord has told us they will be keeping the money and not cleaning the property. The...
IFSO Case Study
The sequence of disastrous events began innocently enough when Mr H* had a craving for steak and chips. For reasons unknown, he decided to cook his steak in a toaster. Having inserted the steak into his toaster and started the toasting...
IBANZ Forum
Question: The insured is a contract bottling company. That means they take other parties’ manufactured product and perform, under contract, the bottling and labelling of that product. Once the product has been...
Feature
Aon’s latest Weather, Climate and Catastrophe Report revealed 10 catastrophe events in New Zealand last year caused losses of $322.5 million. The figure was a significant increase on the long term average of roughly $70...
Feature
The Government contributed $100,000 to a Mayoral Relief Fund to help the Levin community following a tornado in the North Island town. Minister for Emergency Management Kiri Allan said: “My thoughts are with everyone...
IBANZ Forum
Question: My client had a vehicle he imported transported to his premises by a transport company. The vehicle arrived damaged (scratch on bodywork) and he has made a claim against the transport company (The Company) who have...
