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

 


Hawke’s Bay Disaster Damage Policy Reviewed

Media Release
10 April 2014

Hawke’s Bay Disaster Damage Policy Reviewed


Hawke’s Bay Regional Council has reviewed its Disaster Damage Risk Management Policy.

This policy covers the provisions HBRC has in place for the financial risk when Council owned/administered flood control and drainage schemes plus open space areas are impacted by a disaster. HBRC’s infrastructure assets have an estimated replacement value in excess of $190M.

Central government requires local authorities to have undertaken proper planning for risk to infrastructure assets. The objective is for every local authority to have access to sufficient funds (both money held in reserve and insurance) to sufficiently reinstate essential infrastructure assets so that communities can return to self sufficiency as quickly as possible after a major disaster.

The Regional Council last reviewed the policy in 2007. The Environment and Services Committee considered the reviewed policy this week and is making recommendations to the full Council meeting at the end of the month.

The Committee has recommended that HBRC will continue to hold insurance for damage to any Council-owned fixed asset, e.g. pump stations, for the full cost of repair in excess of $10,000 of reinstatement of the asset.

HBRC will also continue to transfer some financial risk through maintaining its membership of the Local Authority Protection Programme (LAPP). This is a risk sharing mutual scheme with 46 member councils, and is operated as a charitable Trust rather than as an insurance company. LAPP is intended to help member councils meet their share of the costs, above a specified threshold, of restoring flood control and drainage infrastructure after a natural disaster. The deductable (excess) on any insurance and LAPP policy is $1.259 Million.

Although the LAPP fund was exhausted by claims following the Canterbury earthquakes in the 2010/11 financial year, it has been rebuilding since then. At the end of the 2013/14 financial year it is expected to hold in excess of $12M, provided it has no major claims made against it. It holds reinsurance to cover damage up to $250M.

HBRC manages 25 separate flood control and drainage schemes. Each of these schemes will have access to a Scheme disaster reserve fund.

A regional disaster reserve will continue to be maintained to cover additional financial exposure of HBRC. Total disaster reserve funds currently held by HBRC total approx $6.5M.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Diver's Alarums: Breach Means Training Provider Must Repay $1.47 Million

The New Zealand School of Outdoor Studies is to repay $1.47 million (GST-exclusive) to the Tertiary Education Commission (TEC) following an investigation which showed that some student enrolments between 2009 -2014 could not be validated and that courses were under-delivered against their agreement with the TEC. More>>

ALSO:

Education: Government Plans Suggest Bulk Funding Return

Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. More>>

ALSO:

Interim Report: Auckland Looks Long Term To Pay-Per-Km Road Pricing

Aucklanders can expect to be paying variable rates per kilometre to travel on the city's most congested roads under an emerging transport strategy being formulated by the government and the Auckland Council. More>>

ALSO:

Despite Promises: Government Extends Iraq Deployment

Cabinet has agreed to extend New Zealand’s contribution to the joint New Zealand-Australia mission to train Iraqi Security Forces until November 2018. More>>

ALSO:

On The 'Terrorism' Card:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news