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Court hears Ponzi allegations in NZ dispute

03 July 2017

Claims services company WorldClaim New Zealand has won a court ruling requiring a director to hand over his phone, computer and other devices as it investigates his handling of claims and client funds following the Canterbury earthquakes…

Correction: EPS panels

03 July 2017

An article in the latest edition of Insurance News (the magazine) says expanded polystyrene panels on the Lacrosse apartments were responsible for the fire that damaged its exterior…

NSW pledges cladding crackdown

26 June 2017

The NSW Government says it will do all it can to avoid a tragedy like London’s Grenfell Tower disaster…

Kaikoura quake claims approaching $2 billion

26 June 2017

The value of Kaikoura earthquake claims received by New Zealand private insurers has reached $NZ1.84 billion, making it the second-costliest seismic catastrophe after the Canterbury quakes…

El Nino: no worries

26 June 2017

The Bureau of Meteorology no longer expects an El Nino this year following a reversal of early-autumn warming in the eastern tropical Pacific Ocean…

NZ businesses back broker performance

26 June 2017

About 75% of companies in New Zealand are satisfied with their brokers’ services, according to research commissioned by Suncorp New Zealand…

ICNZ focuses on building fitout failures in quakes

26 June 2017

The Insurance Council of New Zealand says a seminar on buildings’ internal fitout failures during earthquakes is part of a bid to tackle the issue after high-rise commercial properties in Wellington were damaged during the Kaikoura event…

Cyclone Debbie flooding disputes head to FOS

19 June 2017

The NSW Small Business Commissioner will pass bundles of disputes to the Financial Ombudsman Service after flooding in the state’s north prompted complaints about insurers…

ICA sets out to ‘bust myths’ on disaster coverage

19 June 2017

The Insurance Council of Australia will hold community forums in cyclone and flood-exposed parts of north Queensland next month to improve understanding of premiums and policies amid criticism of the industry…

In this issue of Insurance News (the magazine)

19 June 2017

Why did the NSW Government execute an embarrassing backflip on the transfer of its emergency services funding levy from insurance customers to all property owners on May 30? And perhaps more importantly, what are the chances of the reform ever seeing the light of day?…

ESL backflip worries brokers

13 June 2017

NSW insurance brokers have slammed the State Government’s shock U-turn on emergency services levy reform, saying confusion reigns among clients and staff…

Cyclone Debbie highlights building failure issues

13 June 2017

Cyclone Debbie exposed a range of building failures, including risks from garden shed debris and damage from wind-driven rain entering homes, the Cyclone Testing Station at James Cook University says…

Post-Tracy building codes ‘reduce cyclone deaths’

13 June 2017

Stricter building codes introduced after Cyclone Tracy in 1974 play a partially effective role in saving lives when major storms strike, according to a study funded by the Bushfire and Natural Hazards Co-operative Research Centre…