Live News
Insurance Advisernet New Zealand Ltd (“IANZ”) has today announced its resignation as a corporate member of NZbrokers Management Limited (NZbrokers) Shaun Standfield Managing Director for Insurance Advisernet Australia a...
PIQ College
We have been approached by a number of members recently to clarify what will be acceptable to meet the forthcoming code of conduct for financial advisers. The difficulty is that the new code is yet to be published, although we unde...
FSCL Case Study
Bryan, an experienced mariner, noticed damage to his yacht when it was moored at a marina. Fortunately, Bryan had insurance. There was some dispute with the insurer around the cause of the damage. However, in the end, the i...
FSCL Case Study
Chris owned a small furniture business. He purchased a range of business insurance policies through a broker. One of the policies Chris purchased gave him cover for natural disasters. But when the broker sent Chris the insurance...
IBANZ Forum
Question... My client has a motor vehicle accident whilst towing a trailer where he lost control and spun off the road. The insurer accepted the claim but disputes some of the damage advising it is general wear and tear (this...
IBANZ Forum
Question... I am having discussions with an insurer at the moment regarding run-off cover for public liability (PL) insurance. Not for the first time, I have been advised that run-off cover is not required for PL insurance as it...
IBANZ Forum
Question... I'm dealing with a material damage policy, taken out by the insured, a property owner. The insured©s tenant runs a backpacking business from the building. The tenant allowed one of their staff members to...
IBANZ Forum
Question... Our client purchased a contract works insurance policy for a 12-month period to cover some major alterations they were doing in their home. Included in the contract works policy was cover for the existing structure....
IBANZ Forum
Question... In a situation where an insurer makes an ex-gratia payment to their client under a material damage policy, does the insurer still obtain the right to subrogated recoveries against a liable third party?...
IBANZ Forum
Question... Our client has had one rim damaged after a stone was lodged between the brake calipers and the rim. The client has not been able to buy the same rim as they have been discontinued so has had to purchase a brand new...
