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A climate change poll conducted by AMI, State and NZI Insurance has revealed that a significant majority of New Zealanders want increased efforts to mitigate the impacts of climate-related hazards. The survey, which is in i...
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Data from the Treasury revealed that a quarter of homes in high-risk flood zones are paying hundreds or thousands of dollars in additional premiums. In just 18 months, insurance premiums across New Zealand have risen by almost 30%,...
IBANZ Forum
QUESTION Hi, The insuring clause of a policy covers any unforeseen and sudden physical loss or damage caused by; (f) subsidence, landslip, rockslide or any other movement. The same policy excludes - loss or ...
IBANZ Forum
QUESTION... Hello At the end of a public road there is a tar-sealed road that winds up a hill and allows access to half a dozen homes. This road is named and appears on Google Maps. The six properties each have their own...
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By Cecily Brick, partner, Fee Langstone
Earlier this year, the Court of Appeal upheld a High Court decision finding the owners of the Christchurch Adventure Park liable for losses caused to neighbouring property owners whose homes were damaged by the spread of fire from the...Feature
The Hawke’s Bay Independent Flood Review has called on home, business and property owners, iwi/hapū, communities, business groups and regional infrastructure owners impacted by flooding from Cyclone Gabrielle to contribute...
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Suncorp New Zealand has chosen sustainable energy provider Ecotricity as its utility partner for its 12 new Suncorp New Zealand office spaces across Aotearoa. The insurer said the switch meant all of its NZ officers were now...
IFSO Case Study
Amy's* house was damaged in the Christchurch earthquakes. She made a claim under her house insurance and her insurer arranged the repairs. Several years later, Amy found the repairs to be defective, but her insurer declined to...
IBANZ Forum
Question: We have a client who owns a forestry block. During recent storm events, trees fell onto power lines, causing damage. My understanding is that in order to be legally liable, the trees need to have been found...
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Suncorp New Zealand reported a post-tax profit of $115 million for the year to June 30 — a 30% fall from the previous year. The company said significant weather events, a more than 50% increase in natural disaster...
