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PIQ College

Plan now for the future

A new Code of Professional Conduct is being developed. What will it mean for you? This new code will specify minimum standards of competency, knowledge and skill for people working in the insurance and financial services secto...

FSCL Case Study

Delayed repairs

The insured owns a commercial building in a small town, and was running a café from the premises. In June 2015, the town suffered severe flooding and the building was damaged. The café could no longer trade. There were del...

FSCL Case Study

Yellow-stickered

The insured owned a small business which was “yellow-stickered” as a result of the Kaikoura earthquake on November 14, 2016.  His business was largely undamaged, but the potential for a neighbouring building to col...

Stories

Smith&Smith welcomes Michelle van Gaalen as the...

Michelle will be heading the vehicle glass repair and replacement business as...

Congratulations on your appointment. Please tell us about your background. Thank you, I’m thrilled to be part of the Smith&Smith® and Laser Plumbing & Electrical team. My background is in service-based...

IFSO Case Study

Canterbury cover

In August 2011, through a broker, a company arranged business insurance on its shop.  Due to the recent Canterbury earthquakes, the insurer excluded cover for loss due to earthquakes.  About 18 months later, it...

IFSO Case Study

Log accident

In November 2015, the insured’s broker arranged commercial vehicle insurance with the insurer.  In March 2016, the insured made a claim to the insurer, because he had damaged his commercial mower by mowing over a log...

Ask an Expert

Getting out

Question... Policy has a definition of house which includes; 1. recreational features (swimming pool, tennis courts etc) 2. Patios, paths and paving of permanent construction The policy sub-limit for...

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Liability

Question... If a client is required to increase his public liability limit as the result of work that he is undertaking for a customer, does that increased limit need to stay in place after the work is completed? We are...

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One incident, or many?

Question... I have a claim for a building that is used for accommodation for seasonal workers. It©s apparent that these guests apply oil to their bodies after they shower. The oil has dripped from the...

Opinion

Are Financial Strength Ratings a waste of time?

It seems it's the agencies - not consumers or insurers - that benefit most B...

In 1994, the government enacted the Insurance Companies (Ratings and Inspections) Act  The act provided for ‘The rating of the claims paying ability of insurers in relation to the business of insurance except life...

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