Insurance Law: Critical Update
Issues covered include: Case law litigation update, lawyers as trustees, Earthquake repairs damage, Liabilities, Professional Indemnity Insurance,
Description
Insurance law is a rich and constantly evolving sector in the legal landscape, so it is essential that you stay up to date. Attend and examine the latest developments in PI insurance, case law and litigation, and trustee obligations. In addition review the recent Australian Banking Royal Commission and its impact on the insurance sector in New Zealand.
Attend and earn 4 CPD hours
This seminar was recorded in NZ on 13 June 2019
Chair: Crossley Gates, Partner, Keegan Alexander
9.00amto 10.00am: Insurance litigation and General Case Update
Examine three recent judgments from the New Zealand High Court and Court of Appeal affecting liability insurers and their insureds:
- Mainzeal Property & Construction Ltd (in liquidation) v Yan & Ors [2019] NZHC 255
- James Hardie Industries PLC v White [2018] NZCA 580
- Commerce Commission v Lodge Real Estate Ltd [2018] NZCA 523
Presented by Kiri Harkess, Partner, McElroys
10.00am to 11.00am: Insurance for Lawyers as Trustees
- The cover:
- Does the professional business include trusteeship?
- What is the distinction between the lawyer and the trustee?
- Exclusions including beneficial interest, investments, insolvency, trading loss and damage to property
Presented by Peter Hunt, Partner, McElroys
11.00am to 11.15am Morning Tea
11.15am to 12.15pm: Insurance and Earthquake Repairs
- The legal framework for repairing earthquake damage
- Common problems with repairs
- Liabilities of insurers and construction parties
- Review of recent decisions including Robin v IAG and Bruce & Willetts v IAG
Presented by Oliver Collette-Moxon, Barrister
12.15pm to 1.15pm: Update on Professional Indemnity Insurance
- Emerging risks
- Falling between the gaps: scope of cover and exclusion clauses
Presented by Christina Bryant, Partner, Hesketh Henry
Learning Objectives
- Consider the impact if the Hayne Royal Commission and its impact on insurance law in NZ
- Receive critical updates on the latest decisions and legislation
- Examine the obligations and potential liability risks when a lawyer acts as a trustee
- Gain a deeper understanding of PI insurance and the latest developments
- Be updated on earthquake damage and insurance
Venue
Grand Mercure Auckland
Level 2, 8 Customs Street East
Auckland 1010
New Zealand