IBANZ Forum
QUESTION Hi, The insuring clause of a policy covers any unforeseen and sudden physical loss or damage caused by; (f) subsidence, landslip, rockslide or any other movement. The same policy excludes - loss or ...
IBANZ Forum
QUESTION Hi Crossley, In respect of a body corporate, are we required to ask each unit owner whether they have adverse history to declare, as they are effectively an interested party of the body corporate, rather than the...
IBANZ Forum
QUESTION Hello Two vehicles are involved in a motor accident. Insured 1 was reversing their vehicle and hit a parked and unoccupied vehicle belonging to Insured 2. Both vehicle owners have fully comprehensive...
FSCL Case Study
In 2012 Henry* bought his first house and asked an insurance broker to arrange house insurance. The broker corresponded with Henry using his work email address, but the email address on the insurance application form was different....
IFSO Case Study
The declined claim In June 2023, Graham’s* vehicle broke down on the motorway and was then hit from behind by another vehicle. Graham made a claim to his insurer, but the insurer declined the claim and avoided the...
Feature
IAG New Zealand, the insurance group behind AMI, NZI and State Insurance, posted a solid set of half-year results for the six months to December 31 last year. Local currency gross written premium grew 18.8% to $2015m (1H23:...
Feature
IAG New Zealand appointed Michele Embling, Rachel Walsh and Scott Pickering to its board. Embling is currently a board member for AIA New Zealand, Transpower, Toitū Tahua – The Centre for Sustainable Finance, and the...
Feature
Kris Faafoi to become CEO of the Insurance Council of New Zealand Former Labour minister Kris Faafoi will become the new chief executive of the Insurance Council of New Zealand, effective from April 2024. Tim Grafton, who...
Feature
Chris Mackinnon to take on regional Lloyd’s role Chris Mackinnon of Lloyd’s is set to become the insurance body’s regional director for Asia, the Pacific, Middle East and Africa. Mackinnon will replace Iain...
Live News
Cyber specialist underwriting agency Emergence NZ Limited has launched a major upgrade to its key product’s policy wording. The revamp to Emergence’s Cyber Event Protection policy, marketed to brokers as CEP-005,...
