Opinion
Keegan Alexander partners Crossley Gates and Frank Rose explain changes arisi...
The Natural Hazards Insurance Bill repeals the Earthquake Commission Act 1993 (EQC Act) and replaces it with the Natural Hazards Insurance Act 2022. The intended commencement date of the new Act is the later of: • &n...SPOTLIGHT ON
Feature
The Financial Markets (Conduct of Institutions) Amendment Bill passed its sec...
Second reading passed The Financial Markets (Conduct of Institutions) Amendment Bill passed its second reading in parliament on May 12 and will proceed to the Committee of the Whole House. The Bill, criticised by many partic...SPOTLIGHT ON
Feature
Changes to insurance contract law likely to mean more work for brokers, write...
It represents the most wide-ranging changes ever proposed for New Zealand’s insurance contract law. Now, the much-anticipated reform is another step closer with the release of the draft Insurance Contracts Bill. In Febru...
Opinion
Crossley Gates and Frank Rose, Keegan Alexander
Underwriters have historically broken-down liability insurance into several well-known products. Each product addresses a specific basket of ways that the insured can become legally liable to a third party. In this article,...Feature
Gallagher Bassett chief client officer, Steven Walsh
The Accredited Employer Programme (AEP) can be appealing and cost-effective for large employers seeking to lower costs and self-manage injury claims within their workforce. Facilitated by the Accident Compensation Corporate (ACC), this...Feature
Lloyd Cavanagh, partner, MinterEllisonRuddWatts and Sarah Jones, solicitor, M...
The Ministry of Business, Innovation and Employment (MBIE) released a consultation draft of the Insurance Contracts Bill (Bill) for public feedback on February 24. The Bill reforms and updates New Zealand’s insurance contract law...Feature
By Andrew Horne - partner, Minter Ellison Rudd Watts
The Reserve Bank of New Zealand – Te Pūtea Matua is seeking views on its proposed enforcement principles and criteria. The proposed enforcement principles will guide the activities of the Reserve Bank’s new...Ask an Expert
QUESTION: Our client had taken out PMV policy and it was named driver only comprehensive policy. Named driver is under 25. Driver's uncle was driving the car who caused the accident. He is over 25 and has no previous...
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QUESTION: A client had a bird nest under some roof tiles which caused water to get into a lounge ceiling. The property is the insured's weekend home and the water damage to the ceiling was not found until the following...
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QUESTION: We have a client who rented a home for a commercial shoot. The shoot was over two days, after the shoot the owner noticed several areas of damage after the shoot. The Insurer wants to apply a separate excess to...
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QUESTION: We have a client who was engaged to renovate a home. This involved replacing some flooring with secondhand tawa flooring to match existing. The flooring was purchased from a dealer but once laid and sanded back was...
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QUESTION: A tree in a car park owned by a commercial landlord breaks in a weather event and damages a trailer parked in the car park and owned by the tenant to the building. The landlord wishes to make a claim for the...
FSCL Case Study
Person B was an overseas student studying in New Zealand. She arranged travel insurance to cover her medical costs while in NZ. When she became pregnant, while in New Zealand, her medical expenses were covered by government...
FSCL Case Study
As a single mother, Person A decided she needed to get income protection insurance in case she had an incident leaving her unable to work and pay her expenses. She went to an adviser who recommended she also get mortgage repayment,...
Opinion
It is fundamental to all insurance that it only covers a fortuity – that is, a loss that is accidental from the insured’s point of view. So, how are the courts to interpret a liability policy that excludes:...
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