Feature
The Conduct of Financial Institutions Bill is set to change the way insurers ...
In September last year, consumer affairs minister Kris Faafoi unveiled plans for a new conduct regime for the financial services sector. The reforms, launched off the back of Australia’s damaging Royal Commission into financial se...FSCL Case Study
FSCL expects more complaints about insurance brokers as the pandemic effects ...
We are starting to see a few complaints about insurance brokers arising out of Covid-19 disruption and expect we may see more as time goes on. We anticipate that as clients, in particular small businesses, discover that their insur...Feature
by Lloyd Kavanagh, Jeremy Muir, Kara Daly, Andrew Suggate, Maria Collett-Beva...
A little over 20 years ago, the Law Commission published a paper with a title that hinted only vaguely at its contents: “Some Insurance Law Problems”. It examined five unrelated aspects of insurance law that were genera...
Live News
QBE Insurance and road safety organisation Brake are encouraging businesses and motorists to embrace New Zealand’s dash cam usage trend, citing the devices’ significant potential insurance, financial and safety benefits....
FSCL Case Study
Bryan, an experienced mariner, noticed damage to his yacht when it was moored at a marina. Fortunately, Bryan had insurance. There was some dispute with the insurer around the cause of the damage. However, in the end, the...
Ask an Expert
Question... My client has a motor vehicle accident whilst towing a trailer where he lost control and spun off the road. The insurer accepted the claim but disputes some of the damage advising it is general wear and tear (this...
Ask an Expert
Question... In a situation where an insurer makes an ex-gratia payment to their client under a material damage policy, does the insurer still obtain the right to subrogated recoveries against a liable third party?...
Opinion
Can an insurance broker renege on a proposed underwriting agency relationship...
Entering into a business relationship with another party can be complicated; many issues need to be discussed and agreed to. The parties need to be free to negotiate without commitment until they reach substantial agreement. Once they...Feature
By Angela Cuming
Buying insurance may be easy enough but buying the right type of insurance is often not so straightforward. There’s a lot a stake when it comes to insurance – choose wisely and a person’s financial security and peace...Live News
The desire for a stolen Toyota Hilux, Subaru Legacy and Subaru Impreza shows no signs of diminishing, with at least two reported stolen every day around New Zealand. Analysis of police data by financial...
Feature
Do insureds need to disclose their insurance policy when matters turn litigious?
Plaintiffs want to know a defendant’s financial position so they may determine the enforceability of a judgment. Often the mere knowledge of an insurance policy will steel a plaintiff’s resolve to bring or to continue...Live News
Marsh, AIG and NZBrokers are hosting events in New Zealand as part of the international Dive In Festival, which promotes diversity and inclusion in the insurance industry. The festival is in its fourth year and involves events in...
Stories
Burglary, theft and aggravated robbery is becoming a big problem for small retail outlets, and the number of reported incidents of violence against dairy and liquor store owners, staff and customers during robberies is high. Now...
Stories
Vero has confirmed that it will release the second edition of the SME Insurance Index in April 2018, following the successful New Zealand launch of the Index last year. “After we released the research last year, we surveyed...
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