Xu and Diamantina Trust v IAG & EQC [2017] NZHC 1964

Seven years on from the September 2010 Christchurch earthquake, the Xu and Diamantina Trust case has provided much needed clarification on the assignment of insurance policies. Many residential properties following the earthquakes were sold in their damaged condition with the vendor assigning their insurance policy and claims to the purchaser. Most residential insurance policies contain [...]

December 4th, 2017|Categories: Legal Developments|Tags: |

“[T]he same condition and extent as when new”: Myall v Tower Insurance Limited [2017] NZHC 251

This case involved a Christchurch house registered as a historic place, which was damaged in the earthquakes of late 2010 and early 2011. The house was unsafe to enter or repair and had demolished. Tower Insurance proposed to employ modern and cost-effective methods to rebuild the house, rather than using all of the original materials [...]

May 5th, 2017|Categories: Legal Developments|Tags: |