Articles tagged with Insurance
Government Introduces New Building Consent Reforms to Protect Owners and Boost Productivity
3 weeks ago | 131 viewsThe Government is reforming the building consent system by replacing joint and several liability with proportionate liability, ensuring each party is only responsible for their own work to speed up consents and protect ratepayers. New safeguards include mandatory professional indemnity insurance for designers, compulsory home warranties for most new residential builds and significant renovations, and strengthened disciplinary penalties for Licensed Building Practitioners. These measures aim to enhance accountability, protect building owners, and make the building process faster, easier, and more affordable, with legislative changes expected by 2026.
Tags: Chris Penk Licensed Building Practitioners Ministry of Business Innovation and Employment Building Amendment Bill New Zealand Government Building and Construction Minister Building Act Home warranty Professional indemnity insurance Building consent systemCommerce Minister Scott Simpson Strengthens NZ Partnerships in London
3 months ago | 254 viewsCommerce and Consumer Affairs Minister Scott Simpson is traveling to London to enhance New Zealand's partnerships in insurance, emergency preparedness, and business competition. He aims to showcase New Zealand's leadership in resilience and disaster recovery and strengthen ties with global partners facing similar challenges. The Minister's itinerary includes meetings with key industry players, a briefing at the New Zealand High Commission, and participation in events highlighting the New Zealand-UK relationship, such as the Battle of Britain Service and the Women's Rugby World Cup semi-final.
Tags: Scott Simpson London New Zealand Insurance Emergency preparedness Business competition Resilience Disaster recovery Aon Lloyd's of London