Following a recently well publicised event where the power to Gisborne was interrupted by a wire strike, many of our clients have asked if they are covered under their aviation policy for the consequential losses arising from proven negligence as a result of taking the powerlines down? We posed this question to Mark Anderson, a […]
Archive | News Updates
Insurance news, articles and updates of interest.
In an ever-changing insurance landscape, it can be tricky to know what impact changes to clauses or how trends can affect your cover.
Austinsure will give you expert advice you can rely on.
Cyber-attacks – do you know the risks?
The recent global ransomware attack “WannaCry” left hundreds of thousands of businesses at the mercy of cyber terrorists. It’s the latest in an increasing number of cyber-attacks that often target small to medium sized business, particularly those using older software and IT infrastructure. It’s estimated there are over 100 ransomware attacks every day in New […]
EQC levies rise 33%
Last week’s Government budget announcement included measures to top up the National Disaster Fund, which pays out claims related to earthquake damage. This will mean that homeowners’ insurance premiums are set to rise by up to $69 a year. At present, insured homeowners pay a premium rate of 15c per $100 of insurance cover, to […]
Resident Land Withholding Tax (RLWT) Act – an insurance solution
The broader benefits of a consultative approach to insurance solutions. It was no real surprise that changes were made to Resident Land Withholding Tax (RLWT) Act in the middle of last year. From 1 July 2016, a new tax was imposed on ‘offshore persons’ who sold New Zealand property within two years of purchasing the […]
August 2016 – Newsletter
Welcome to the new Austinsure Newsletter. Aimed at covering a number of relevant and timely topics we hope you’ll find informative. What you need to know about Brexit’s impact on the insurance market as well as the new Health & Safety Act. If you lease or rent Aviation equipment check with us first – you may […]
Liability Assumed in Contracts
It is a growing trend in business (within New Zealand and internationally) for parties to agree, in contract, to indemnify each other for losses arising from the performance of that contract. We are concerned with contracts that could impose liability on our clients that would not be covered by standard liability insurance covers – such […]
RANZ ROOFING CONFERENCE 2014 – 2ND TO 4TH JULY – SKYCITY
Austinsure will once again be at the RANZ Roofing Conference. We will be showcasing our specialised roofing insurance, Roofsure which is an exclusive cover for roofing association members. If you want to know more about this then come visit us at the conference where you will be able to go in the draw for a (virtually) […]
