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Licensing costs revealed

It is becoming clearer what it will cost to take out a license to provide financial advice under the new legislative regime. Anyone giving advice under the new rules must work for a licensed financial advice provider. That could be...

Live News

Insurance start-up gets tick

Auckland-based insurance start-up Cove has been awarded the Rainbow Tick, certifying the organisation is a welcoming and inclusive place for people of diverse sexual orientations and gender identities. Chief executiv...

Feature

Sustainable Business Network Awards

Meet the winners and Commendations for the 2018 NZI Sustainable Business Network Awards!

IBANZ Forum

Underwriting changes

Question… I would appreciate some input and opinions on a point that has been causing me concern for a while. It relates to insurers applying new rates and terms to policies mid-term just because the client has altered...

IBANZ Forum

'D' plate insurance

Question… We have a situation where we insured a car repair workshop. He only took MD cover with one insurer and added cover for 2 D plates and additional premium paid. Liability cover is with another insurer. Our...

IBANZ Forum

Recovering mark-up

Question… In a situation where damage is done to third-party property and our at-fault insured client undertakes the repairs to remediate, to what extent can our client legitimately recover their normal mark-up (beyond...

IBANZ Forum

What’s an employee?

Question… We have a claim where a client's vehicle was stolen. Also taken from the premises was an uninsured vehicle owned by a contractor that he used in connection with his work for my client The contractor in...

IBANZ Forum

Wrong fuel

Question… My client has an employee erroneously fuel his diesel motor vehicle with one litre of Go Clear and subsequently cause the engine to cease working. Fuel systems are affected only.  The policy can...

PIQ College

Have you ever thought about becoming a Professi...

There is a lot happening in the financial services sector in 2019 and the college is increasing its team of assessors to meet demand for the revised New Zealand Certificate in Financial Services Level 5 driven in part by the changes to...
(December 2018)

Feature

Spontaneous Ignition

The hidden danger when doing laundry

Vero recently received a claim for a fire that caused extensive damage to a small business. Upon investigation, it was  discovered that the cause of the fire was the spontaneous ignition of towels, rags and napkins in the tumble...

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