OPINION: In a natural disaster, thousands of New Zealand home-owners may find they have no insurance payout from the Natural Hazards Commission (the new name for EQC). This is because the commission may decline claims for hazards that...
Situation highlights hidden dangers in other areas
Nearly three years after a significant landslip disrupted lives on Maungatapu Peninsula, five Tauranga homeowners remain displaced and entangled in complex insurance and liability challenges, drawing attention to the limitations of curr...Changing habits reveal shifts by age, income, location
Financial pressures are influencing insurance decisions among New Zealanders, with new research showing that one in five have changed insurance providers within the past two years. A study commissioned by the Insurance ...
Demographic faces four times crash risk using phones
A multi-agency road safety campaign has been launched in New Zealand, focusing on reducing mobile phone use among drivers aged 16 to 24. The initiative, titled “Ghost Your Mates,” is a joint effort between...There's "no shortage of negative comments about current D&O market conditions"
In conversation with ReInsurance Business, Banyan Risk co-founders Peter Horrobin and Tim Usher-Jones (pictured) shared insights into the “tale of two worlds” in the excess casualty and D&O insurance markets. ...Underwriters should be on alert for unwitting exposure to claims stemming from inaccuracies caused by artificial intelligence, an insurance lawyer says. AI could be “even more pervasive than cyber in terms...
A WA homeowner’s storm damage claim must be accepted after the complaints authority determined her insurer cannot rely on a pre-existing damage exclusion. The woman lodged the claim after a September 2023...
Catastrophe data specialist Perils says insured losses from Cyclone Alfred have passed $2.56 billion – making it the largest cyclone loss event since Tracy hit Darwin in 1974. Alfred made landfall in southeast...
Who owns this $600,000 supercar?
In a case that underscores the legal weight of insurance documentation in corporate asset disputes, the Supreme Court of New South Wales ruled that a luxury Ferrari is the property of a company in liquidation, not its director - despite...Study unpacks what's driving the public's climate shift
Recent research from Ipsos New Zealand, part of a global 32-country study released to commemorate Earth Day on April 22, has indicated a shift in public attitudes toward climate risks and climate action. According to...
