Phil Thompson has been working in the insurance industry in New Zealand for over 35 years so knows a thing or two about helping Kiwis protect their assets and mitigate their business risks. As ICIB’s Regional Manager for Hawkes Bay he also understands the local insurance market, so we asked
Rising insurance rates have been a bitter pill to swallow for many of us, especially with so many other costs increasing. There is however some good news on the horizon, with some rates starting to reduce or level out. Commercial property – At the end of last year, we started
With over 58,000 insurance claims received following Cyclone Gabrielle, it was no wonder that it took some time for businesses and homeowners to have their claims settled. According to the Insurance Council, delays were caused by assessors getting to some affected areas, along with a shortage of geo-tech specialists to
Having an injury or fatality in your business is the last thing that anyone wants. Despite best efforts and following all procedures, sometimes an incident will happen which is just the nature of humans making errors of judgement or simply having an accident. On other occasions it is the organisation
Ask around the office and you’ll find that many of your people have used an AI chatbot to generate a document for work purposes. But is this putting your business and client data at risk? Here are a few things to consider with your employees using these applications, along with
Ask around the office and you’ll find that many of your people have used an AI chatbot to generate a document for work purposes. But is this putting your business and client data at risk? Here are a few things to consider with your employees using these applications, along with
Why are insurance costs going up? Over the last 18 months insurance premiums have gone up by nearly 30%, with significant increases in high flood risk areas, such as the Hawkes Bay. Whilst pricing is starting to stabilise, it is still a large cost for many people whether it comes
Let’s be honest, insurance premiums are going up and for many businesses and homeowners already feeling the pinch it is not easy to absorb the cost. If you have your insurance direct with insurers, do you have the time to be going around the traps and getting quotes? Not only
It is hard to believe that a year has already passed since Cyclone Gabrielle devastated our region. What has happened a year on regarding insurance claims, and how will it affect your premiums moving forward? As at 13 December 2023, insurers had settled 99,798 of 115,353 claims (about 87%) from
In July 2023, it was reported in the media that many patients were waiting up to a year for basic medical procedures at Hawke’s Bay Hospital when the target wait is six weeks. These procedures included ultrasound and CT scans, MRI’s and steroid injections. The wait to get a routine
