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QUESTION... Hi, I have a question from a client that has left me stumped! They have a sea wall - rocks piled in front of their property to keep soil back from the beach and stop the tidal action of waves from eroding the ...
IFSO Case Study
When Rawiri’s* car was damaged in the Auckland floods, he thought he would be fully covered, having arranged car insurance with an agreed value of $19,000 just a year earlier. However, when Rawiri made his insurance claim, th...
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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 i...
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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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Insurance industry loss estimates from Cyclone Gabrielle have surpassed the $2 billion mark according to data provider PERILS. Losses have hit $2.018 billion, according to the latest data from the research group, up from a previous...
Opinion
It is common knowledge that the law requires an insured to be completely truthful when seeking to claim under an insurance policy. In the recent High Court decision of Polladio Holdings Limited v The New India Assurance Company Limited...
Humans of NZI
Sue Blick of Christchurch has been in the insurance industry just shy of seven years, and when this year’s major weather events hit parts of Aotearoa, New Zealand, she knew exactly how NZI’s affected customers would be...
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IAG New Zealand saw its annual profit fall by 80% due to the impact of the severe summer weather. The New Zealand division of Australian insurer IAG reported a profit of A$44 million (NZ$47.6 million) for the year ended June 30,...
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Combined claims for the Auckland Anniversary Weekend flooding and Cyclone Gabrielle stood at 96,586 claims worth $2.47 billion as of early April, according to the Insurance Council of New Zealand. By April, insurers paid out over...
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The New Zealand government has approved an additional $25 million in relief funds for businesses impacted by Cyclone Gabrielle. In April, the New Zealand government approved an additional $50 million in short-term support for...
