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NZ brokers call for end to fire service levy

24 September 2012

Funding New Zealand’s fire services via a tax on insurance is outdated, inequitable and inefficient and has become increasingly difficult to administer, the Insurance Brokers Association of New Zealand…

Partnership strategy to cut road deaths

24 September 2012

The National Transport Commission is seeking comments on its collaborative strategy to cut deaths and injuries on Australia’s roads…

NZ brokers take fire service to court

17 September 2012

The Insurance Brokers Association of New Zealand has taken the country’s fire service to the High Court for clarification on how insurance contracts can be arranged…

Christchurch earthquakes: Government offer to uninsured

17 September 2012

The New Zealand Government has offered to buy out owners of uninsured homes and commercial property in the Christchurch flatland residential red zone, where land is considered damaged beyond repair…

Qld flood decision no precedent: ICA

10 September 2012

The Financial Ombudsman Service’s ruling that RACQ Insurance must pay out to a Queensland couple whose house was ruined by the floods of January last year does not set a legal precedent…

Risk Frontiers hits out at flood data funding

10 September 2012

Natural hazards researcher Risk Frontiers says the $12 million given by the Government to Geoscience Australia to gather flood risk information is “completely incomprehensible”…

Future unclear for NZ liability market

10 September 2012

Liability rates in New Zealand hardened in the first half of this year, but predicting future movements has become increasingly difficult, leading broker Marsh says…

PI and D&O returns inadequate

10 September 2012

Australian insurers are earning inadequate returns from professional indemnity and directors’ and officers’ cover, according to Tim Andrews, a principal with actuarial and insurance consultant Finity…

CTV building was ‘vulnerable to earthquake’

10 September 2012

Structural design decisions were the primary cause of the CTV building’s collapse in last year’s February 22 Christchurch earthquake, according to counsel assisting the Earthquakes Royal Commission…