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 [2018] NZHC 3444