Market Update 29.11.13 The New Zealand Earthquake Commission has received 12,149 claims from the Cook Strait series so far Vero has granted Brokers the authority to settle claims up to AUD7,000 for Commercial Property and Home classes following recent weather hazards. Meanwhile, Vero has also reduced premiums for Public Liability for its not for profit client base, including charities iSelect’s shareholders have dealt the first in a “two-strike” rule policy by voting more than 25% against a recent remuneration report. A second vote over 25% against would grant shareholders the ability to vote in a new board Hyperion has announced the launch of a new Global Marine Broker with the combination of its Howden Marine units and FP Marine The Reserve Bank of New Zealand has placed solvency and capital requirement conditions on 4 Insurers due to Canterbury Earthquake Claims The NSW Government has announced a new inquiry into motor vehicle repair work across New South Wales, to focus on Insurer relationships and contracts FM Global has been named best commercial property insurer for service and expertise in the Business Insurance magazine’s 2013 buyers’ choice awards Ansvar Insurance has renewed a contract for 2014 with one of its larger faith accounts, through Aon. The renewal includes a pool of 22 dioceses and forms part of the agreement with the Anglican National Insurance Program
Posted on: Mon, 02 Dec 2013 05:56:11 +0000
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