The insurance professionals online magazine
Feature
2018 was a shocking year for road fatalities, with almost 400 deaths. It’s the highest road toll in eight years. As a result, the Government is looking into taking up the "Vision Zero" approach to road safety. ...
Feature
By Tim Grafton, chief executive of the Insurance Council of New Zealand
In the last few years, there have been several fires involving multi-level building overseas where combustible aluminium composite panel cladding (APC cladding) has been a significant contributing factor to the damage caused by the fire...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 inv...
Live News
IAG will participate in the Greater Christchurch Claims Resolution Service (GCCRS), an initiative designed to fast-track the resolution of outstanding residential Canterbury earthquake insurance claims. The GCCRS has been...
Feature
New products available to insurance brokers in 2019 are a sign of the times, ...
Cyber cover is here; crypto still to come Great technology comes with great responsibility, and the insurance industry calls this “emerging risks”. While self-driving cars aren’t quite in New Zealand...IFSO Case Study
In June 2017, the insured, trustee of a trust, telephoned the insurer to arrange cover for a planned renovation of a house, including removing and replacing the roof. He was told there would be no cover for damage...
Live News
Report slamming life insurance sector may have wider repercussions.
Regulators that issued a damning report on life insurers in New Zealand are warning that general insurance providers shouldn’t think they are in the clear. The report, by the Financial Markets Authority and Reserve Bank,...Opinion
Can an insurance broker renege on a proposed underwriting agency relationship...
Entering into a business relationship with another party can be complicated; many issues need to be discussed and agreed to. The parties need to be free to negotiate without commitment until they reach substantial agreement. Once they...IFSO Case Study
A family trust owned a house. The trustee of the trust was a trustee company. The directors were a couple and the woman’s mother. The trustee company arranged insurance for the house through its financial...
Live News
State Insurance responded to 1300 Roadside Assistance callouts across the country just over the Christmas and New Year period. Almost half of those were related to the vehicle battery. The most common problem was batteries being...
