Insurance

Feature

New Zealand Insurance Industry Awards 2021

      CONGRATULATIONS! Broking Professional of the Year Faith Owens, Bridges Insurance Large Broking Company of the Year Insurance Advisernet New Zealand ...

IFSO Case Study

Methamphetamine contamination confusion

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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Under the influence of drugs

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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Shared fence dispute

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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Pleasurecraft: is insurer on board?

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

Service or repair claim contested

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 starts automated renewal pilot with brokers

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

Statutory Liability Policies and Pecuniary Pena...

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

Allianz Partners teams up with travel agent

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

From Corporal to corporate

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

Reserve Bank invites views on its proposed new ...

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

Q&A: Switching on to cyber risk

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 appoints experienced global ins...

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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What is ‘gradual change’?

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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Damage on location

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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