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Market Bulletins

Health Safety Men

May 2017

Health and Safety at Work - The New Regime Emerges

The Health & Safety at Work Act 2015 was effective on 4 April 2016 but only now are we getting some insight into its impact on employers and their insurers.

Computer Crime

March 2017

New Product Offering - Cyber Insurance

VL is pleased to annouce the addition of Cyber insurance to its product portfolio.

Drone 5

February 2017

Drones & LawSafe

VL has been insuring liability risks for drones for a long time - what's new?  Read our latest bulletin to find out. And have you considered offering LawSafe to your clients recently?

Wordings

June 2016

New Wordings

Vero Liability is pleased to announce new improved versions of our most popular wordings.

Beehive

August 2015

Litigation Regulation

In recent times much has been happening in the areas of litigation, dispute resolution and regulation. This bulletin headlines some of the more recent and relevant facets of the changing commercial environment.

Drone 2

March 2015

Drones

It would be impossible not to have noticed the latest craze in ‘gadgets’, namely, the increasing proliferation of drones, otherwise known as UAVs (Unmanned Aerial Vehicles) or RPAS (Remotely Piloted Aircraft Systems) or UAS (Unmanned Aerial Systems) which is being widely reported and featured in all news media worldwide.

2014

February 2015

2014 - A Quick Look Back

2014 saw VL pick up a number of unusual claims in the SME sector. No matter the many years of collective experience we have there is always something which raises eyebrows. This bulletin outlines a few examples.

FAQ

November 2014

Sentencing Act - FAQs

Health & Safety in Employment Act  |  Sentencing Amendment Act 2014

Frequently Asked Questions

Litigation

November 2014

Sentencing Act

The Sentencing Amendment Act 2014 was passed into law on 6 June 2014 and becomes effective on 6 December 2014.

Inflation

September 2014

CGL Limits

Public Liability - Selecting Policy Limits

Is due consideration given in assessing policy limits for Public Liability policies? What should be looked at when determining an appropriate limit of indemnity?

Health Safety

May 2014

Health & Safety at Work Update

Since our Market Bulletin in April last year there has been significant and dynamic movement on various fronts towards the implementation of the new workplace safety regime.

Litigation

January 2014

Defence Costs Liability Update

The “Steigrad” High Court decision upheld.

Health Safety Men

August 2013

Health & Safety at Work

On 7 August the Government announced the most significant reform of New Zealand’s workplace health and safety system in 20 years.

Demolition

July 2

Construction Liabilities

Earlier this year, Vero Liability’s Senior Underwriter Heather Bailey, gave a presentation to the Insurance Institute Conference in Auckland on behalf of VL.  The topic was “The Christchurch Re-build - Construction Liability Insurance”.

Drought

March 2013

Drought

The extreme dry weather this summer has seriously affected the primary industry sector in many ways but effects of drought are also felt directly or indirectly across all sectors, domestic and commercial.

Justice Symbols

February 2013

Defence Costs Update

On 20 December 2012 the Court of Appeal overturned the High Court's decision in Steigrad v BFSL 2007 Limited concerning the application of s9 of the Law Reform Act 1936 to defence costs whereby the receivers of Bridgecorp took a charge on the insurance monies available under a Directors & Officers Liability policy.  

Meeting

January 2013

Pike River Royal Commission

The Royal Commission identified many shortcomings and failures which contributed to the disaster.  In its report it was particularly critical of the Pike River Coal Limited board of directors. 

Scales of Justice

September 2012

Defence Costs Liability

Following the “Steigrad Decision” (where a court may determine that an Insurer cannot spend money on the defence of clients if that spend will erode policy limits available to pay a claim) Vero Liability responded to the market with a “ring fenced” Defence Costs solution for Directors & Officers covers.  

Dominoes

May 2012

Liability Consequential Loss

Business Interruption through Fire, Storm, Flood, Earthquake – routine stuff!

But what about Business Interruption through a liability loss?

Builder

February 2012

Buildng Act 2004 - Licensed Building Practitioners

New Exposures For Building Trades

Vero Liability is pleased to announce its response to new exposures for Licensed Building Practitioners (LBPs).