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Latest Articles

Feature

Work accidents attract bigger consequences

Brokers told to check policies have high enough indemnity limits to cover ris...

The most significant recent development in statutory liability insurance has been the rising costs of reparation payments made to victims following health and safety prosecutions, says Adrian Tulloch, managing director of Vero Liability...
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Live News

IAG joins risk-rating

IAG customers in areas that are high-risk for natural disasters or weather events will face higher premiums under changes recently announced by the insurer. IAG, which operates the State, AMI, NZI and Lumley brands as well as offer...
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Live News

EQC concerns voiced

People are saying they want to see more empathy, transparency, relevant expertise, quality assurance around assessments and repairs, and greater timeliness with claims, in feedback so far to the public inquiry into the Earthquake Commis...
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IBANZ Forum

Risk transfer

Question... We have a client who ships goods overseas on CIF terms, and therefore has to arrange insurance to cover the goods including when risk transfers to the purchaser. They have suffered a loss which appears to have...
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Live News

New Zealanders don't understand insurance: Canstar

Many New Zealanders are missing basic knowledge about their vehicle insurance policies, a new survey suggests. Canstar research showed New Zealanders spent an average of $801 a year on their policies but while 87% said they...
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Live News

IAG gets DVFREE Tick and stands up against dome...

IAG is being awarded the DVFREE Tick by Shine, New Zealand’s specialist anti-domestic violence non-profit organisation, demonstrating its commitment to creating a domestic violence-free workplace where staff can feel safe and...
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IFSO Case Study

Advisers should educate clients about gradual d...

The best time for clients to understand how insurance works is before they might need to make a claim, says Karen Stevens, Insurance and Financial Services Ombudsman.  “Advisers have a really important role in educating...
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Opinion

Should the existence of double insurance be lik...

by Crossley Gates

Insuring the same risk twice with different insurers is not as silly as it sounds. In the early days of marine insurance, insureds commonly purchased more than one insurance policy to cover the same risk in order to protect...
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Feature

NZI motor manager living a passion

It would be fair to say that Oliver Jepson, NZI’s national motor manager - corporate and fleet, lives and breathes all things motor. “I've been obsessed with cars my whole life, so it’s awesome that the focus...
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Feature

Duty to disclose gets update

by Lloyd Kavanagh, Jeremy Muir, Kara Daly, Andrew Suggate, Maria Collett-Beva...

A little over 20 years ago, the Law Commission published a paper with a title that hinted only vaguely at its contents: “Some Insurance Law Problems”. It examined five unrelated aspects of insurance law that were...
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