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Latest Articles

FSCL Case Study

How many excesses?

The insured ran an automotive glass repair company. In 2017 his company had to replace 144 windscreens that had sensors in them. The workmen who did the replacements did not recalibrate the sensors after replacing the windscreens. This ...
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IBANZ Forum

What's grossly negligent?

QUESTION…  Client got a flat tyre on his farm while fetching wood in his ute. Changed the tyre on his ute and went back home. He replaced the two front tyres of the ute, as he had a spare set in his garage. Client did...
(Dec 2019)
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Feature

Directors and Officers Insurance - Continued Fo...

By Andrew Horne, partner, and Nick Frith, senior associate, Minter Ellison Rudd Watts Company directors are facing increasing challenges. Substantial damages awards in the Mainzeal case, together with a greater presence of litiga...
(Dec 2019)
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IFSO Case Study

Jewellery Claims

...how complaints can add value for you and your clients...

Jewellery is commonly lost, damaged or stolen. You can help your clients by encouraging them to take simple steps now to avoid problems later. The best time to take action, and to understand insurance policies, is before anything does...
(Dec 2019)
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Feature

From Novice to Expert

Iwona Bettridge discusses her career in insurance

Iwona Bettridge admits she barely even knew what insurance was when she joined NZI 15 years ago - now she’s a highly regarded regional manager for the company’s AON CPF (client placement facility) line. Like many...
(Dec 2019)
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Feature

Here's What an External Disputes Resolution Sch...

FSCL’s Susan Taylor offers insights into what lies ahead for brokers.

  T ransitional licensing for financial advisers and brokers opened on November 25. The FMA has indicated that there will be two standard conditions on financial advice provider transitional licences: You must...
(Dec 2019)
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Feature

Crackdown on Fraud

The battle lines have been drawn in the insurance industry’s war against insurance fraud with the establishment of a new Insurance Fraud Bureau set up by the Insurance Council. But just how common is insurance fraud? And what...
(Dec 2019)
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IBANZ Forum

Timing

Question…  If cover has been changed from one provider to another at renewal and it has always been known that policies take effect and expire on 4pm on the day, what happens if a claim occurs right on 4pm? Who is...
(Dec 2019)
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Feature

Earthquake Commission to Make Exgratia Payments...

By Olivia de Pont, senior associate, and Nick Frith, senior associate, Minter Ellison Rudd Watts The Government has announced a new package to assist purchasers of earthquake-damaged homes who have discovered that the property...
(Dec 2019)
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Feature

After the Event Insurance - A New Option To Red...

By Andrew Horne, partner, and Cora Choi, solicitor at Minter Ellison Rudd Watts

The Court of Appeal’s recent decision in Houghton v Saunders [2019] NZCA 285 indicates that litigants in New Zealand may be able to benefit from an After the Event costs insurance policy (ATE policy). This may increase litigation...
(Dec 2019)
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