Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Insurance Council Applauds Urgency on Flood Issues

MEDIA RELEASE

6 March 2014

Insurance Council Applauds Urgency on Flood Issues

The Government and the Christchurch City Council are to be applauded for the urgency being given to flood mitigation plans, the Insurance Council of New Zealand said today.

The Insurance Council was responding to the outcome of a meeting today between Canterbury Earthquake Recovery Minister Gerry Brownlee and Major Lianne Dalziel which will see fast-track work for the Flockton Basin in St. Albans and moves to pass special legislation through Parliament to enable work to proceed quickly.

“This area of the city has flooded on several occasions since the earthquakes lowered land in the area. So, this is good news for hard-pressed residents constantly worried about what the next heavy rain will bring,” Chief Executive Tim Grafton said

“It’s also good news for them if mitigation significantly reduces the risk and frequency of flooding because it supports the future insurability of property.

“We are also pleased to hear the City Council is firming up timeframes for how it will deal with other flood risks, Port Hills slope stability and other hazards long-term. Attention to some of these issues will help remove roadblock to recovery efforts,” he said.

“The Christchurch recovery has never been down to solely insurers or EQC or a combination of the two. It should be increasingly clear now that keeping the momentum of the recovery going involves action from local and central government too and tackling hazards in this way illustrates this well.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

It's Spark Now:
Why Telecom Wanted To Change

New Zealand led the world when Chorus demerged from Telecom. It gave us a telecommunications industry structure where the network is completely separated from the products and services it delivers. The changes brought about a new market dynamic and it dramatically changed Telecom’s role. More>>

ALSO:

Glass Half Empty: Dairy Prices Fall To Lowest Since 2012

Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news