Stories
Personal lines insurers could be expected to start offering more granular pricing, depending on property risk, an actuarial firm says. Melville Jessup Weaver released a report that looked at how insurers priced for earthquake, floo...
Stories
About 20 Tower employees will be affected when the insurance company shuts its Christchurch office. The move will happen once its remaining earthquake claims are settled. A spokesman told media the company had planned to close...
Stories
A member’s bill to introduce a legal timeline for insurance companies to assess and present a settlement offer to claimants has been added to Parliament’s ballot by Kaikoura MP Stuart Smith. “We’ve just rece...
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Employee or contractor? Question My client owns a transport company. One of their "employees" is employed on a sub-contracting basis, invoicing the company each month for his hours. He does not work for anyone...
Stories
After ticking over five years since establishing in New Zealand PSC Connect h...
After ticking over five years since establishing in New Zealand PSC Connect has been a remarkable success story. With 35 Member Broker businesses throughout New Zealand dealing with $30mill GWP they continue to provide an outstanding...Stories
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Insurers on track Private insurers are on track to meet their target of having the majority of Kaikoura earthquake settlements complete by the end of the year, the Insurance Council of New Zealand said. They have fully...Opinion
By Crossley Gates
There are two pieces of legislation that directly govern the legal relationship between insurers and intermediaries: Insurance Intermediaries Act 1994 and section 10 of the Insurance Law Reform Act 1977. The Insurance...Insurance
Brokers can forge an advantage with commercial property developers by offering faster and simpler insurance for their projects. Developers embarking on new projects are on the stressful incline of a potentially risky ride....
Insurance
By Dylan Marsh
Consider that, in 2012, there was a cost of 31c for every dollar of net premium earned. By 2016, this had risen 14% to 35c – an increase of $180 million for the industry. At the same time, the insurance industry faces...
