Avonside Blog

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Fair Insurance Code 2016– where to now?

Fair Insurance Code 2016– where to now?

Monday, 23 March 2015 6:15 a.m. by avonsidechch

The revised Fair Insurance Code has yet to be ratified. It is to be considered at the ICNZ AGM some time this month and “there may be minor adjustments” to the Code. One wonders what “minor” might allow by way of changes.

Summarising the Revised Fair Insurance Code – Part 3

Summarising the Revised Fair Insurance Code – Part 3

Friday, 20 March 2015 7:18 a.m. by avonsidechch

Insurance policies and the associated code of conduct cannot be seen in isolation from those who buy the policies, and the claims experiences they undergo. 

Summarising the Revised Fair Insurance Code – Part 2

Summarising the Revised Fair Insurance Code – Part 2

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

In this post we will look at whether the Code is fair or transparent, and whether utmost good faith remains relevant to New Zealand insurance practices.

Summarising the Revised Fair Insurance Code and its shortcomings – Part 1

Summarising the Revised Fair Insurance Code and its shortcomings – Part 1

Thursday, 12 March 2015 6:35 a.m. by avonsidechch

The Fair Insurance Code serves two purposes: operational and political. 

Fair Insurance Code Questions & Answers – Part 3

Fair Insurance Code Questions & Answers – Part 3

Monday, 9 March 2015 6:50 a.m. by avonsidechch

In the previous post, covering FAQ 7, it was stated that an underlying purpose of the Code was to pre-empt any external control on how insurers carried out their business. The point was also made that as far as interpreting insurance policies is concerned, insurers are very strong advocates of the Humpty Dumpty Position: "When I use a word," Humpty Dumpty said, in a rather scornful tone, "it

Fair Insurance Code Questions & Answers – Part 2

Fair Insurance Code Questions & Answers – Part 2

Saturday, 7 March 2015 8:20 a.m. by avonsidechch

Why is ICNZ so keen on having a Fair Insurance Code, and prickly over criticism directed at the Code? 

A helpful change to the insurance disputes process coming up?

A helpful change to the insurance disputes process coming up?

Friday, 6 March 2015 6:35 a.m. by avonsidechch

Yesterday Paul Goldsmith, Minister for Commerce and Consumer Affairs, announced  the opening of consultations on changes to the maximum amount that could be taken to the insurance industry’s disputes resolution services (the full media release is below). The change proposed is an  “… increase to the cap on the compensation that dispute resolution schemes can award in relation to disputes about

Kaiapoi Red Zone photographic exhibition

Kaiapoi Red Zone photographic exhibition

Thursday, 5 March 2015 7:30 a.m. by avonsidechch

The Kaiapoi Public Library is currently hosting an exhibition of Red Zone photographs by Cosmo Kentish-Barnes. Cosmo  spent a few months around Kaiapoi photographing earthquake damage. F

Fair Insurance Code FAQ – Part 1

Fair Insurance Code FAQ – Part 1

Wednesday, 4 March 2015 6:21 a.m. by avonsidechch

The FAQ (Frequently Asked Questions) is not part of the Revised Code, just an explanation of the Review process and some of the positions taken by ICNZ on particular issues.

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. 

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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