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by Andrew Horne and Nick Frith
In our previous edition, we discussed the various jurisdictions in which insurers’ approaches to business interruption cover following Covid-19 were being scrutinised. In the UK, the Financial Conduct Authority (FCA) initiall...Opinion
Unlike New Zealand, many business interruption policies issued in England extended cover to interruption in consequence of a notifiable infectious disease. Many of the underwriters of those policies declined their Covid-19 related ...
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The Insurance Council of New Zealand and its members have recently been made aware of a car part supplier allegedly misrepresenting car parts as genuine to New Zealand repairers. “We understand that since late last year...
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A survey of employees at Suncorp New Zealand, one of the country’s largest insurance companies, has revealed that community and connection (79%) and collaboration and problem solving (66%) are the main drivers for employees...
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By Craig Furness Managing director of Gallagher Bassett in New Zealand.
A crisis like Covid-19 affects all business sectors. For insurance, the demand to deliver tailored solutions across multiple service lines on a local, national and global scale has certainly increased. The cataclysmic shifts of...Feature
by Andrew Horne, Minter Ellison Rudd Watts
New Zealand’s stock exchange, NZX, suffered cyber-attacks on six consecutive working days earlier this year. The attacks left it unable to facilitate trading in shares, in its debt market, the Fonterra shareholders’...Feature
Preliminary figures released by the Insurance Council of New Zealand reaffirm the extent of damage the July Northland floods left behind. There has been $37 million paid to date by insurers to support their customers' recovery....
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Insurance advisers are being reminded to take care in the way they deal with clients who could be deemed vulnerable. The Financial Markets Authority has indicated that it expects the number of vulnerable people in New Zealand to...
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Natural disasters rank well down the list of concerns highlighted by Kiwi SMEs, according to Vero’s most recent SME Insurance Index. The index, which surveyed 900 small and medium-sized enterprise owners (SMEs) found that...
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NZX hack a reminder that any business can fall victim. By Angela Cuming
2020 has exposed our vulnerabilities in unexpected and worrying ways. The ongoing Covid-19 crisis serves as a grim reminder that global pandemics are a real and recurring threat, while the recent cyberattacks on the New Zealand...
