Property insurance: earthquake cases round-up
The New Zealand High Court has, in a series of recent
cases, discussed various issues relating to the assessment of sums to be paid
to the assured following the occurrence of an insured peril. Although the cases
arise in the unique context of earthquake damage, the principles set out in
them are applicable to all property policies and indeed the wordings used are
similar to those in the London market.
Bruce and Others v IAG New Zealand Ltd  NZHC 3444
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