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

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news