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IBANZ Forum
QUESTION: We have a claim where a settlement offer is to be based on indemnity value. The item damaged is an artificial bowling green and the costs to reinstate include a number of different elements that make up the quote, ...
Feature
Insurance Australia Group provided a market update as it dealt with the impact of late January’s floods across the North Island. IAG expects its first-half profit after tax to be A$468 million, while gross written premiums ar...
Feature
Suncorp sent an additional team of claims specialists and assessors from its Australian insurance operations to New Zealand as communities in the North Island dealt with more severe weather, including heavy rain and gale-force winds, of...
IBANZ Forum
QUESTION: Our client's vehicle hit a third party (no dispute —it was our client at fault). Our client's policy excluded U25's and an U25 was driving, so our client is liable for the third party damage....
IBANZ Forum
QUESTION: A garage door was damaged when a third party accidentally drove into it. The owner of the damaged property is a limited liability company. The third party was driving the company director's...
Insurance
IAG took home the Excellence in Workplace Diversity and Inclusion award and General Insurance Claims team of the Year accolade at the 10th New Zealand Insurance Industry (ANZIIF) Awards. Louise Harvey-Wills, executive general...
Feature
Delta Insurance co-founder Craig Kirk was named NZ Insurance Industry Leader of the Year at the Australian and New Zealand Institute of Insurance and Finance Awards, as the firm secured the Underwriting Agency of the Year prize. ...
Feature
Tower reduced its forecast for annual profits and dividends following the North Island floods and Cyclone Gabrielle. The insurance company now expects net profit after tax of between $18 million to $23 million, down from a...
Feature
Craig Kirk, co-founder of Delta Insurance and the group’s executive directo...
What are the biggest challenges facing the NZ underwriting market right now? Given the significant impact we have seen across parts of the country from Cyclone Gabrielle, it is no surprise that one of the biggest challenges...Feature
AA Insurance expected the January storms to be the largest motor claims event in its history. As of February, with claims numbers expected to rise, AA had received more than 5300 claims in total. Around 2300 were home...
