YOUR EDGE LIABILITY SYMPOSIUM 2011 -
Tuesday August 16
Programme Information
| INTRODUCTION | |
| 8:15 | Registration |
| 8:30 |
Welcome Jeremy Corbett, MC |
| 8:35 |
Opening address John Lyon, CEO, Lumley |
| 8:50 |
Keynote address NZ economic outlook: Post-earthquake An update on plans and progress; economic impacts at a regional and national level. Dr Alan Bollard, Governor, Reserve Bank of New Zealand |
| 9:20 |
The economic and social impacts of the Canterbury earthquakes How is the community coping and what effect does this have on how we as an industry interact with and manage our customers? David Johnston, Associate Professor, Director of the Joint Centre for Disaster Research at Massey University. |
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BROKER EXPOSURE AND LESSONS LEARNT FROM 300,000+ EARTHQUAKE CLAIMS Delve into significant insurance industry issues and further examine the insurance risks arising from the Canterbury earthquakes across different lines and liability insurance. |
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| 9:45 |
Issues for the insurance industry It’s all about working with the EQC, government and communities. This session explores the financial implications on the industry, strategies to manage the perennial problem of underinsurance and whether industry resources can meet demand here and in Australia. Chris Ryan, CEO, Insurance Council of New Zealand |
| 10:10 |
Property insurance Your chance to hear the experts as they demystify the issues that have arisen from the Canterbury earthquakes including material damage, depopulation, access and how BI issues feed into D&O and PI policies. Roger Scholes, Technical Claims Manager, Lumley Darryl Cowan, National Chief Adjustor, Cunningham Lindsey NZ John Beckett, Property Centre of Expertise Manager, Lumley Tony Paterson, Partner, Markit Law |
| 10:50 | Morning tea |
| 11:20 |
Advice – under the spotlight As claims against brokers start to emerge, this session examines where claims are likely to arise and the traps and pitfalls involved. This will be followed by a discussion session on safeguards to minimize risk and exposure in future events. Garth Gallaway, Partner, Duncan Cotterill |
| 12:20 |
Panel session A wrap-up of the morning’s discussions. |
| 12:50 | Lunch |
| 1:50 |
Technology trends Where is technology going? Looking at digital platforms and how brokers can best use these important tools. A panel discussion. |
| 2:20 |
Latest developments in professional indemnity A look at PI issues in detail, including claims made, policies and when to notify, managing a complaint, admission of liability issues and indemnities and warranties of performance. It will also cover common traps and pitfalls and PI outcomes from the Canterbury earthquakes. Michael Robertson, Partner, Robertsons Law Helen Twomey, Lawyer, Robertsons Law |
| 3:00 | Afternoon tea |
| 3:20 |
D&O Insurance – liability for regulatory investigations The Long Arm of the Law – this is an important session for all brokers given the current environment. It will cover coronial inquiries, Commissions of Inquiry (eg Pike River and Canterbury earthquakes), disciplinary inquiries and IRD investigations – is there insurance cover and if so, what are its terms? Philippa Fee, Partner, Jones Fee |
| 4:00 |
Leaky buildings – the current state An update on the status, the number of claims, including the situation with schools and a look at why the issue is so important to brokers and their clients. John Bierre, Litigation Partner, Morgan Coakle Lawyers |
| 4:40 |
That was the day that was MC Jeremy Corbett and his team of mystery guests give their own quirky take on the day’s events and more. |
| 5:30 |
Closing remarks Paul Munton, GM Broker Product, Lumley Dean Edwards, GM Broker Distribution, Lumley |
| Drinks and nibbles | |
