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Feature

PSC Connect “Next Level” Queenstown Conference

PSC Connect held their very successful inaugural NZ conference at the QT Queenstown earlier in May with over 130 delegates attending what was one of the first industry conferences held since Covid-19 hit NZ shores. PSC Connect NZ ...

Humans of NZI

Combining process with creativity

Meet NZI’s new EM Operations and Governance, Nancy So

Driving positive change through good processes and creative thinking has always motivated Nancy So, who has recently been promoted into the new role of executive manager operations and governance for NZI.  Born in Guyana in ...

Feature

Managing bushfires in New Zealand

By Mark Taylor Chartered Loss Adjuster, Major & Complex Loss (MCL) Global Pr...

Bushfires are a foreign disaster for New Zealand. Although there have been wildfires in the past, none have been as intense as the recent cases in Australia. The climate in New Zealand is different, and the land isn’t expansive an...

Feature

Why take the chance, why not just do it?

When is a broker obliged to clarify terms with the underwriter? By Andrew Ho...

The English High Court repeated the question “Why take the chance, why not just do it?” when assessing whether an insurance broker, Edge, was obliged to clarify unusual policy terms with underwriters in order to protect...

Feature

Changes to class actions and litigation funding...

Andrew Horne and Nick Frith, Minter Ellison Rudd Watts

Class actions, which under our current rules, are representative actions, are now firmly part of the New Zealand legal landscape. They are also of significant interest to insurers, both in terms of their own potential exposure (e.g....

Feature

Q & A with Dinesh Murali

Dinesh Murali is the chief executive and managing director of Kiwi underwrite...

Tell us about your career so far and how long you’ve been in the insurance market? I’ve been in the insurance business – wholly in New Zealand - for around 15 years. I actually got into the game by accident: I...

Feature

FSLAA so far: how has the industry changed?

More than two months into the new regulatory regime, how have brokers coped w...

The Financial Services Legislation Amendment Act 2019 (FSLAA) came into effect on 15 March, marking a major change for insurance brokers and the wider financial advice sector. The changes were designed to improve financial advice...

Feature

Cyber losses - which insurance policy applies?

Andrew Horne and Nick Frith, Minter Ellison Rudd Watts

On Christmas Day last year, the Reserve Bank of New Zealand suffered a cyber attack. The attack involved a malicious actor gaining access to a third party file sharing application named Accellion FTA, which the Reserve Bank used to...

PIQ College

Time is ticking

For those of you that attended the recent Financial Services Council Get in Shape Advice Summits, I recall Sharon Corbett from MBIE commenting on the fact that the first meeting she had to start the review of the Financial Adviser Act...

Ask an Expert

Covered by the EQC?

QUESTION The local hospice has a stand-alone dwelling on the grounds of the hospice which is used by relatives of patients for short-term stays. Multiple parties use the dwelling over the course of the year and for some periods...

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Solar struggle

QUESTION The claimant was engaged by a TP to install a solar array on the roof of their home.  The insured is a solar installation company. The company made an inspection of the internal roof void but only identified...

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Tenant breaches warranty

QUESTION If a tenant breaches a warranty under a material damage policy which gives rise to a claim, will the landlords’ policy still respond? Providing that the landlord has provided the tenant with a copy of the...

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To bailee or not to bailee?

QUESTION My client runs a small self-storage facility, mainly made up of shipping containers. The terms and conditions of storage that he requires all clients to sign state: "The service provided to you, the storer,...

IFSO Case Study

Covid travel dispute settled

In January 2020, Mr B arranged cover for a trip to Bali, between 5 April 2020 and 17 April 2020.  In February 2020, Mr B cancelled the trip, due to the outbreak of Covid-19.  Mr B made a claim to the insurer for...

IFSO Case Study

Storm claim upheld

Mr and Mrs A had cover for their house with the insurer. In January 2018, a significant storm event caused damage to the house. A couple of weeks later, a toilet at the house overflowed, associated with the cleaning of the septic tank...

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