IFSO Case Study
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 conta...
IFSO Case Study
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 whe...
IBANZ Forum
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 recreat...
IBANZ Forum
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...
IBANZ Forum
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
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...Feature
Marsh chief executive Marcus Pearson spent five days in March on a 1960 Los Angeles Fire Dept articulated fire truck, travelling across various parts of New Zealand raising and distributing funds for Kiwi kids in need. It was part of...
Feature
By John Lucas, Insurance Council of New Zealand
Lack of passive fire protection is a growing problem in New Zealand. Simply put, passive fire safety is about limiting the ability of fire and smoke to spread through a building. And it’s an issue in both commercial and...Feature
The owner of a new insurance business says there is a big gap in the New Zealand market for a provider to offer cover for the country’s events industry. Auckland-based Stuart Hartley has launched EventCover, which is the...
Feature
ANZ, IBM and Suncorp New Zealand are working together to develop a blockchain solution for the insurance industry that will help make the data transfer and payment reconciliation process faster and more transparent between brokers and...
