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

 

PARLIAMENT TODAY:

  • Week in Parliament 22-05-15
  • Saturday Sitting
  • House Rises At Midnight
  • Telco Levy Bill Passes
  • Telco Levy Bill Completes First Reading
  • Social Housing Bill Passes Under Urgency

  • Labour Party: McCully Doesn’t Deny Bribe In Saudi Sheep Scandal

    “In Parliament today I asked Murray McCully directly: Why is he the first Minister in history to back a multi-million dollar facilitation arrangement which in other jurisdictions is called a bribe? says Labour’s Export Growth and Trade spokesperson ... More>>

    ALSO:

    Welfare: Closure Of Relationships Aotearoa

    The Aotearoa New Zealand Association of Social Workers (ANZASW) Chief Executive Lucy Sandford-Reed is concerned about the closure of a national service which provides a wide range of services to rural and urban communities throughout New Zealand. More>>

    ALSO:

    TPPA: University Of Auckland Warns Of Negative TPP Impact

    The University of Auckland May 20, 2015 University of Auckland Warns of Negative TPP Impact With the Trans Pacific Partnership (TPP) negotiation drawing to a close, the University of Auckland has expressed serious concerns about its potential implications. ... More>>

    NZ Flag: Flag Referendum Gets Hit Hard In New Poll

    The latest Campbell Live text poll confirms it is time for the Prime Minister to listen to the public and shelve his flag referendum, says the New Zealand First Leader Rt Hon Winston Peters. More>>

    Gordon Campbell: The Government’s Belated Moves On Property Speculation

    Is it a property tax on capital gains or a capital gains tax on property? The Jesuitical distinctions in the government’s spin about its latest moves on property speculators are all about whether the government can claim that it jumped, or confess that it ... More>>

    Grant Robertson:
    Key Can’t Just Be Prime Minister For Parnell

    John Key must show New Zealanders in next week’s Budget that he is more than the Prime Minister for Parnell, and is also the Prime Minister for Pine Hill, Putararu and Palmerston North, Labour’s Finance spokesperson Grant Robertson says. In a ... More>>


    Labour Party: More Regional Jobs Go In Corrections Reshape

    News that 194 Corrections staff are to lose their jobs will have ramifications not only for them and their families but for the wider community, Labour’s Corrections spokesperson Kelvin Davis says. Prison units at Waikeria, Tongariro and Rimutaka ... More>>

    ALSO:

  • NZ First - Prison Job Losses to Send Money Offshore
  • TPPA: ‘Team Obama’ Regroups On Fast Track, Still Not Deliverable

    ‘After yesterday’s stinging and unexpected defeat for the Obama administration’s attempt to advance Fast Track legislation in the US Senate, Senate leaders have worked up a compromise they think will get them past this blockage’, according to Auckland ... More>>

    NZ Government: 5,500 More Doctors And Nurses In Our Hospitals

    Health Minister Jonathan Coleman says a record number of doctors and nurses are working in District Health Boards across the country. More>>

    Controller and Auditor General: Katherine Rich Conflict of Interest Decision

    We are writing to you about a matter that has been raised with us by members of the public. More>>

    ALSO:

    Budget 2015: Andrew Little On The 2015 Budget

    Speaking to the Chamber of Commerce, the Labour opposition leader attacked the government’s approach to economic issues facing New Zealand. He said they have been “more than reckless in their complacency” and “the next week’s budget will do nothing ... More>>

    Defence Force: NZDF Building Partner Capacity Mission Personnel In Iraq

    NZDF Building Partner Capacity Mission Personnel in Iraq The New Zealand Defence Force Building Partner Capacity training mission contingent is in place at Taji Military Complex in Iraq. The Chief of Defence Force Lieutenant General Tim Keating says the ... More>>

    PM Press Conference: ACC Levy Cuts Announced

    In a press conference this afternoon in Wellington, ACC Minister Nikki Kaye proposed $500 million worth of ACC levy cuts. More>>

    Quakes: New Process For Red Zone Crown Offers

    Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news