IBANZ Forum
Question... Our client's general liability policy contains the following exclusion: "Building defects alleging, arising directly or indirectly out of, or in respect of: 2.1 the failure of any building or structure to ...
Feature
By Tim Grafton
It has been an unparalleled past 12 months of regulatory reviews around insurance and financial services. From the Hayne Royal Commission in Australia to the FMA reviews into the banking and life insurance sectors in New Zealand, and mo...IFSO Case Study
A client held vehicle insurance with the insurer for his tractor. He made a claim, because a clutch circlip dislodged inside the tractor and became caught in the tractor’s transmission, requiring nearly $18,000 of repairs. Th...
IFSO Case Study
The insured had cover for his mobile business assets. In February 2019, he was contracted to water blast a school. The water blaster and its accessories were secured to a purpose-built trailer and stored within a toolbox which was...
IFSO Case Study
An insured held insurance on his contents and vehicle. In July 2018, a sequence of events started, which included the taking of the vehicle, and a number of burglaries of the contents. The client reported the...
Opinion
English Court of Appeal says a ‘hornets’ nest’ or ‘can of worms’ is a valid c...
The English Court of Appeal recently overturned the High Court’s decision in Euro Pools Plc v Royal and Sun Alliance Insurance Plc [2018] EWHC 46. The Court of Appeal allowed the appeal in Euro Pools Plc v Royal...Feature
The Court of Appeal says no to an assigned claim by Andrew Horne and Olivia ...
The Court of Appeal recently delivered judgment in Doig v Tower Insurance, the latest in a series of assigned material damage claims. We covered the High Court decision last year. This decision is relevant to all material damage...Feature
Take a tip from Jeff Bezos and worry less about what others are doing. By Lo...
Jeff Bezos is not without fault. Yes, he’s the wealthiest human on the planet, and while I can’t confirm where he spends his money, it is hoped he chooses to do some good with it. Regardless of whether his moral compass...Feature
A business is facing the “unthinkable” after the death of an employee in an accident. Fire, ambulance and police take control of the scene. WorkSafe inspectors are on their way. Co-workers and friends are shocked and...
Feature
A sea change in pricing property insurance by Andrew Horne and Olivia de Pon...
New Zealand’s largest property insurer group recently announced a move towards more risk-based underwriting for property and contents insurance in areas considered prone to natural disasters. These changes will result in premium...
