New Zealand and Tasmania still out of step when it comes to Fire Service Levy

I share the disappointment of the Insurance Council of New Zealand (ICNZ) that the New Zealand government continues to place the burden of funding the fire services in New Zealand on those that are risk adverse and prudent enough to insure. The trouble continues to be that there are a number businesses and individuals that elect not to insure whether it be their car, home […]

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Joint Statement on What Constitutes a Repair Under the Earthquake Commission Policy – now released

I read with the interest the joint statement between the Earthquake Commission and the EQC Action Group with the main item, which has hopefully now been resolved, is what constitutes reinstatement. The agreement confirms that reinstatement is to a condition ‘as new’ and not the pre-earthquake condition of the property. This issue, which I thought had been resolved with the introduction of the reinstatement or […]

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Carter v Boehm – Utmost Good Faith 250th Anniversary Conference

Carter v Boehm 250th Anniversary’ Conference Bengkulu, Sumatra on the weekend of 1 and 2 October 2016 This year is the 250th anniversary of Lord Mansfield’s seminal judgment in Carter v Boehm,[1] delivered in London at Easter time in 1766.  As Cory J remarked in the Canadian case Coronation Insurance Co v Taku Air Transport Ltd,[2] Carter v Boehm was decided when: … the world […]

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Definition of Damage

I received a question from a broker as follows: “Hi Allan Just a quickie – I have noticed that my existing cluster group policy for Unspecified Damage begins with the meaning as “…Damage caused by any Peril…”. I think by adding the word Loss as well as Damage the client would receive an advantage?  Eg Loss and or Damage caused by any Peril. Can you confirm […]

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Have you ever had a claim paid on Spontaneous Combustion exclusion under the ISR?

I was asked a question by a broker as follows: “Hi Alan, Having listened to you so many times  I was wondering and  would appreciate if you could advise if you have ever got a claim paid under the Spontaneous Combustion exclusion under the ISR and is it ok to assume that the first load spontaneously combusted and then the heat caused the others to follow, […]

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“I wonder if it’s possible to have a love affair that lasts forever.” – Andy Warhol

I’m living proof that it is possible. Forty five years ago I walked in and became a claims officer at General Accident Insurance in Brisbane, as my first full time  job. On that day I also met my now wife of 41 1/2 years. All these years later I have an even greater love for this wonderful industry that continues to protect our insureds, communities […]

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What does the definition of Indemnity mean when it comes to buildings?

I read with interest the latest Insurance update from DLA Piper New Zealand. Crossley Gates and his team provide a very useful service to the industry with these updates. The interest to me on this matter was that the update suggests that in New Zealand it has been common practice for an Indemnity Value on a building to be set on the reduction of the market value before and […]

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