The insurance professionals online magazine
Opinion
By Richard Harding, chief executive, Tower Insurance
We need to do more to deliver good customer outcomes. Confidence in our industry is at an all-time low. You only need to open the paper and you can read about a stream of debatable business practices. And these claims ...Feature
When your client has a cracked windscreen, it might be due to an accident or if it’s a broken rear window, it might have been an act of vandalism. Whatever the cause, you want to be confident that your client will be well looked a...
Feature
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...
Feature
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...Feature
By Angela Cuming
In the brave new world of the age of the internet there is one threat that looms largest to businesses: cyber-attacks. As of January 2020, virtually all of AIG’s commercial property and casualty insurance policies...IBANZ Forum
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...
Feature
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...
FSCL Case Study
A client, with the help of a broker, arranged insurance for herself and her daughter to drive a work vehicle. The woman was aware that her daughter had a couple of issues in the past and wrote on the insurance application form that...
IBANZ Forum
Question… If a retail client suffers a total loss and decides not to reinstate/ reopen their business but walk away, are they still entitled to make a claim for their stock which was insured under their material...
Feature
Cyber threats aren’t just from hackers outside your business.
The greatest threat to your company and network is not the hackers and crackers on the outside trying to get in but your own employees who want to cause mischief or who inadvertently cause damage from within. A determined...
