QBE INSURANCE (INTERNATIONAL) LTD v WILD SOUTH HOLDINGS LTD AND ANOTHER; MARRIOTT AND ANOTHER v VERO INSURANCE NEW ZEALAND LTD; CRYSTAL IMPORTS LTD v CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON AND ANOTHER

[2015] Lloyd's Rep. IR 259

COURT OF APPEAL OF NEW ZEALAND

Before Justice Wild,Justice French,Justice Miller

Insurance (property) – Successive losses caused by earthquake damage – Merger of losses – Measure of indemnity – Automatic reinstatement clause – Date of reinstatement – Meaning of excess clause – Meaning of “destroyed”.