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Assessing the ICNZ Revised Fair Insurance Code - Part 3

Assessing the ICNZ Revised Fair Insurance Code - Part 3

Monday, 2 March 2015 6:35 a.m. by avonsidechch

This post considers the final part of the Revised Code. 

ICNZ make a more detailed response.

ICNZ make a more detailed response.

Sunday, 1 March 2015 8:00 a.m. by avonsidechch

Thursday’s blog covered the Insurance Council of New Zealand’s (ICNZ) response to an article on an insurance business website. The article featured the Avonside Blog’s commentary on the revised Fair Insurance Code. 

Assessing the ICNZ Revised Fair Insurance Code - Part 2

Assessing the ICNZ Revised Fair Insurance Code - Part 2

Saturday, 28 February 2015 6:28 a.m. by avonsidechch

As we get further into the Revised Code the number of new issues raised slows down. 

Where to from here for ICNZ?

Where to from here for ICNZ?

Friday, 27 February 2015 6:30 a.m. by avonsidechch

First, a minor correction regarding yesterday's post. The title, as originally posted, was almost what was intended, but not quite so my apologies for that. It was a bit of tongue in cheek and there was supposed to be a question mark at the end of the title – the omission was missed and I have now put one there. Even the Avonside blogger can get a little irritated and distracted when a lot of

The Empire strikes back.

The Empire strikes back.

Thursday, 26 February 2015 6:20 a.m. by avonsidechch

A journalist for Insurance Business Online yesterday wrote an article entitled New code slammed by earthquake blogger (here). It is a concise and well organised look at how the Revised Code is being analysed on this blog. Shortly after the article was published Tim Grafton, Chief Executive of the Insurance Council of New Zealand (ICNZ), made the following comment: Surprised and disappointed that

Assessing the ICNZ Revised Fair Insurance Code - Part 1

Assessing the ICNZ Revised Fair Insurance Code - Part 1

Wednesday, 25 February 2015 6:30 a.m. by avonsidechch

Now we get to the nitty-gritty. If a paragraph by paragraph analysis isn't your thing come back next week, when we will be looking at the important stuff that was left out of the Revised Code. 

Comments on the ICNZ Revised Fair Insurance Code - Part 2

Comments on the ICNZ Revised Fair Insurance Code - Part 2

Friday, 20 February 2015 6:10 a.m. by avonsidechch

The whole viability of the insurance industry depends upon utmost good faith which, according to ICNZ on their website here, means: An insurance policy is a contract of ‘utmost good faith’ between the insurer and the customer. The insurer is required to observe and honour the contract conditions. The customer is required to disclose to the insurer all material facts that could affect the risk.

Comments on the ICNZ Revised Fair Insurance Code - Part 1

Comments on the ICNZ Revised Fair Insurance Code - Part 1

Thursday, 19 February 2015 6:10 a.m. by avonsidechch

An initial reading of the Revised Code creates the impression of it being a reasonable document. If you were not familiar with what had happened with insurance claims post-earthquake a second glance would seem unnecessary. To not take a second look at the words used, but bask in the warmth and comfort promised by the publicity hype, would be a dangerous oversight. Dangerous because

The Revised Fair Insurance Code

The Revised Fair Insurance Code

Tuesday, 17 February 2015 6:30 a.m. by avonsidechch

There has been a flurry of insurance related developments this month.

About Avonside Blog

This is a weblog about those living in Cowlishaw Street, Chaddesden Lane, Patten Street, Retreat Road (and close by) in the suburb of Avonside. Avonside is one of the suburbs in the city of Christchurch (New Zealand) which was damaged by an earthquake on the 4th of September 2010.

The bulk of the posts and comments come from the community blog at avonsidechch.blogspot.com which was set up to provide a source of information and background material along with opportunites for comments and opinions.

This site also contains material of a more general nature, or opinions purely my own, and so not necessarily representative of our little community.

In all cases what you read represents the views of the author or commentor and nobody else.

If you, as a visitor, feel something on the blog is not quite right, or not really appropriate, let me know and I will edit or moderate the material if appropriate.

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