Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

HBRC to increase its harbourmaster liability insurance

Media Release
20 March 2013
HBRC to increase its harbourmaster liability insurance

Hawke’s Bay Regional Council has approved in principle increasing the amount of Harbourmaster Liability insurance cover for the region in light of the lessons learnt from the grounding of the container ship the Rena off Tauranga nearly two years ago.

The MV Rena struck Tauranga’s Astrolabe Reef in October 2011 and the cleanup has so far cost in excess of $275 million.

A report to today’s Council meeting said given the costs of recent shipping incidents worldwide and specifically the Rena, staff did not consider HBRC’s current $25 million cover adequate to manage Council’s risk should it be found at fault in a shipping incident.

The report says Napier Port is considered one of the more risky ports in New Zealand in terms of risk of a significant incident occurring.

It says HBRC’s insurance cover has been historically aligned with other councils’ cover and recent enquiries show Wellington & Northland Regional Councils have $100 million Harbourmaster Liability insurance and $20 million and $10 million wreck removal respectively.

The report says HBRC’s Wreck Removal insurance is adequate at $10 million.

Council has agreed in principle to spending $80,000 to increase its Harbourmaster Liability Insurance by $75 million to $100 million. It has also instructed staff to discuss with Napier Port the possibility of payment of a contribution to the costs of the insurance.
A decision on how the extra insurance will be funded will be determined prior to the adoption of the 2013/14 Annual Plan.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Turei To Be Interviewed By MSD: Gordon Campbell On The Real Truth Deficit In Welfare

It has been astonishing to see the amount of time and energy being spent on what Greens co-leader Metiria Turei did or didn’t do properly as a beneficiary back in the early 1990s – as compared to how little time and energy is being put into the point of her personal example.

Turei was citing her case in order to query whether much has changed – especially when it comes down to whether the current benefit levels and targeting rules at WINZ are helping or hindering today’s beneficiaries to escape from poverty. More>>

 

Tertiary Ed: Government Responds To Productivity Commission

The work programme will focus on four key areas. • Creating a more student-centred system • Meeting the needs of industry through relevant, responsive, and supportive teaching • Improving performance across the system • Enabling and encouraging innovative new models and providers More>>

ALSO:

PM's Science Advisor: Youth Suicide In NZ Discussion Paper

The paper discusses the multiple factors involved in youth suicide and possible and evidence-based approaches to prevention. It points out the very different context in which young people now live their lives and the challenges of the transition from childhood to adulthood. More>>

ALSO:

Drug Deaths: Accurate Information Is Vital

Drug Foundation: The spike in hospital admissions and reported deaths in Auckland as a result of people taking unknown substances is not being helped by an information vacuum. More>>

ALSO:

Backing Dunne & Seymour: National Signals Election Intentions

“We are encouraging National supporters to give their electorate vote to ACT candidate, David Seymour, in Epsom, and United Future candidate, Peter Dunne, in Ohariu – and their party vote to National." More>>

ALSO:

Climate Policy: Govt's New Proposals For ETS

“Last year, as a result of stage one of the review, we announced the phase out of the one-for-two measure in the ETS. I am now announcing further changes as a result of stage two of the review.” More>>

ALSO:

PM's Press Conference: Boris, Infrastructure, Immigration, Drugs

Prime Minister Bill English opened this week's post-cabinet press conference by revisiting that day's announcement of 'Crown Infrastructure Partners'... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election