Searching Content indexed under Insurance by Chapman Tripp ordered by Published Date Descending.
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High noon for the life insurance industry?
The Government will fast-track legislation to address issues in the FMA/RBNZ review into the life insurance industry.
New Zealand
31 Jan 2019
Insurance contract law for review
Objective of review announced last week is to modernise NZ insurance contract law and consolidate it into one statute.
New Zealand
13 Mar 2018
Have your say on the Insurance (Prudential Supervision) Act review
The Issues Paper outlines the rationale, the terms of reference and the intended process for the IPSA review.
New Zealand
27 Jun 2017
New fire service levy regime
Higher levies and stronger compliance measures are key features in the new Fire and Emergency New Zealand (FENZ) Bill.
New Zealand
19 Jul 2016
FMA identifies churn as an issue in life insurance industry
A FMA survey indicates a certain amount of churn in the life insurance industry, to the possible detriment of consumers.
New Zealand
5 Jul 2016
UK Court lays out role of broker in business interruption insurance
These principles can guide brokers on their client obligations in relation to business interruption insurance.
New Zealand
2 Nov 2015
Small change, big deal: compensation for personal injuries
This change will be particularly relevant in prosecutions for workplace accidents where a company is found liable.
New Zealand
25 Nov 2014
Appeal Court keeps merger doctrine in play for Christchurch insurance claims
Insurance companies may still rely on the merger doctrine to limit their liability for Christchurch earthquake claims.
New Zealand
31 Jul 2013
Steigrad case – the Australians agree
Directors and insurers can take heart from an Australian judgment that defence costs can be paid out of D&O policies.
New Zealand
25 Jul 2013
Court upholds Rena owners' right to create a limitation fund
The case provides clarity on the application of the Act's limitation fund provisions after the Tasman Pioneer decision.
New Zealand
12 Apr 2013
Council Earthquake-Prone Building Policies can require repairs only to 34% of New Building Standard
The High Court judgment found that the Insurance Council of NZ should remove the impediment to the Christchurch rebuild.
New Zealand
10 Feb 2013
Appeal Court overturns controversial liability insurance decision: Steigrad v BFSL 2007 Limited
Directors can take comfort from the decision which overturned the High Court's interpretation of s 9 of the LRA 1936.
New Zealand
23 Dec 2012
De-wrinkling the insurance supervision regime: the Insurance (Prudential Supervision) Amendment Bill
The Bill provides insurers the opportunity to make submissions for changes to aspects of the Act which warrant revision.
New Zealand
10 Dec 2012
Insurance company directors - are you match fit for the new regime?
The new Insurance (Prudential Supervision) Act 2012 contains new risks and liabilities for insurers and their directors.
New Zealand
17 Mar 2012
Reinsurance proceeds subject to charges under the Law Reform Act 1936
Recent amendments to the Law Reforma Act have been found to apply to reinsurance.
New Zealand
18 Jan 2012
Toward more choice in workplace insurance
Although the Government’s proposed reforms to workplace accident compensation will not create the level playing field that the insurance industry might like, they may offer employers the opportunity to develop arrangements which better reflect the particular circumstances of their business.
New Zealand
3 Jun 2011
Hurricanes, quakes and business interruption insurance
Few parts of New Zealand can claim to be safe from threat, whether from earthquakes, floods or volcanic eruptions and, in many ways, it is not so much the source of the devastation which matters but the scale of it. Hurricanes Katrina and Rita generated around 600,000 insurance claims, making them the world’s costliest insurance event until the recent Japanese disaster. The Canterbury earthquakes also rank as world-scale disasters, with the number of claims received by EQC alone now topping 300
New Zealand
2 May 2011
Will you Need a Licence Under New Insurance (Prudential Supervision) Act?
Anyone carrying on insurance business in New Zealand will be under the Reserve Bank’s supervision and will need to be licensed and comply with a number of ongoing prudential requirements under the new Insurance (Prudential Supervision) Act.
New Zealand
5 Oct 2010
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