Why Cheap Insurance is Bad News
I use a combination of tools to write my blogs one of them provides me with a list of terms being searched for at the moment, one of the most searched terms is of course “cheap insurance” what most people don’t realise is that cheap insurance is not what you should be searching for, instead you
Chch Claims Settlements to Date
Quick update for those of you wondering how the Christchurch Earthquake settlement process is going, these figures can be found on the EQC website at this link and are updated weekly. Out of 437,550 events as a result of the Christchurch Earthquake 85,794 have been settled and 351,756 are still open. It is important to note thought that of...
Bridgecorp’s Insurance Effects
The below is excerpts from a summary of the issues from Radford Lawyers on the Bridgecorp Case and its possible implications on the insurance industry it is important to note that the document I have taken these excerpts from is designed to provide helpful general guidance on some key issues relevant to this topic. It should not
Insurance Urban Myths
This sound byte is from Karl Armstrong at NZI and is a reply to a recent urban myth that the insurance companies are sitting on claims money ear marked for Christchurch. We keep hearing a persistent rumour that our reinsurers have paid us out in full, and we’re avoiding paying claims so we can earn interest on this money. The truth is
Impact of Canterbury Earthquake
The Insurance Impact of Canterbury Earthquake The Canterbury Earthquake has its highest impact on the NZ-resident insurers as well as the non-insurers, in the context of the insurance policies. The re-insurance claims will be recorded for the quarter in September 2010, the initial period when the earthquake had occurred. The re-insurance claims on non-residents...
New Exposures For Building Trades
Below is a summery of a news letter we recently got from Vero Liability, for those interested in taking up the offer from them please contact us The new provisions of the Building Act 2004 come into force on 1 March 2012. Full details of the LBP scheme are available on the Department of Building and Housing website
What is Public Liability?
Public liability Insurance Explained A question I get a lot from potential client is what exactly is public liability insurance? Public Liability Insurance also know as General Liability Insurance is a type of insurance which protects you against any claims made by any third parties who make claims against you as a result of injury
Understanding Insurance Claims
5 Steps for Helping You with Your Insurance Claims Insurance claims can be scary things. Knowing more about the claims process and what the insurance companies need in order to be able to progress your claim so that you can be paid out is paramount. Below I have listed 5 steps to take when
Why Get Trade Credit?
Why you should be looking at getting Trade Credit? First off you should note that Trade Credit Insurance should not be confused with factoring as they are not one in the same products. This is a common mistake that businesses make when they are approached about Trade Credit. For clarity we have listed below the difference between
Car insurance cost for 2012?
Is Car Insurance Set to Rise in 2012? When it comes to car insurance premiums, prices have increased in the last 2 years from where they previously where, a big driver in this is the insurance premium corrections that are being applied to insurance policy‘s as a result of the Christchurch Earthquake.. Using an example of a
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