IFSO Case Study
Through a financial adviser, a couple held insurance on a rental property. In June 2020, the couple discovered that their rental property had been damaged by methamphetamine contamination. They made a claim through their financial ...
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QUESTION: Policy exclusion: "This policy does not insure loss to or liability arising from any insured vehicle while it is being driven by any person who is under the influence of any intoxicating substance or drug." ...
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QUESTION: Our client has a shared fence with a neighbour. The fence blew down during some of the big storms. Our client provided a quote to their insurer that stated repairs costs and replacement costs. Their Insurer...
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QUESTION: Insured sold their pleasurecraft a year ago, the purchaser has not paid the full amount (will pay remainder later) but essentially owns the vessel. The vessel continued to be insured because the client assumed that...
FSCL Case Study
Person A runs a small business importing farm machinery and selling it to New Zealand farmers. The machinery is complex so as part of the sale, the insured’s business also installs the machinery and sets it up to the...
Feature
Delta Insurance unveiled a new, digitised renewal process that it hopes will make policies “significantly simpler” for clients. According to chief operating officer Kent Chaplin, automation will allow the company to...
Opinion
By Crossley Gates and Frank Rose, Keegan Alexander
One of the insurance industry’s best innovations in New Zealand has been the introduction of the Statutory Liability Policy in the 1990s. Even today, more than 20 years later, there is no insurance policy quite like it elsewhere...Feature
Travel insurer Allianz Partners has formed a strategic partnership with Jettzy, the first with an online travel agent operating out of New Zealand. Travel insurance issued and managed by Allianz Partners will be integrated into...
Humans of NZI
Meet NZI’s Corporate Liability Manager, Martin Stroud, who brings life lesson...
Martin Stroud began his insurance career in South Africa 40 years ago. After serving in South Africa’s army for two years, Martin was surprised to learn there were a few skills he’d picked up which he’s been able to...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...SPOTLIGHT ON
Feature
Liam Pomfret, AIG's Head of Cyber & Professional Indemnity, Asia Pacific, tal...
Are cyber attacks on the increase in New Zealand? If you read the media, it points towards that. From AIG’s perspective, our cyber claim count in New Zealand has been increasing each year, as it has in other...Feature
Delta Insurance (New Zealand) Ltd has appointed Adrian Sweeney as Underwriting Manager for their liability and speciality lines insurance business in New Zealand. British-born, Mr Sweeney has almost four decades’ experience...
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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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