Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Almost 40,000 outstanding claims show case for KiwiAssure

David Cunliffe
Labour Leader

21 February 2014

Almost 40,000 outstanding claims show case for KiwiAssure

Almost 40,000 Canterbury homeowners still waiting to have their claims settled or finalised show why New Zealand needs a new publicly-owned insurance company, Labour Leader David Cunliffe says.

“Three years on and only 54 per cent of Cantabrians have had their claims settled. This is evidence there is a problem with the New Zealand insurance market.

“At the same time the country’s largest insurance group IAG today posted a $A93 million profit for its New Zealand division in the six months to December 2013. The Sydney-based insurance group holds 40 per cent of the New Zealand market and owns NZI, State and AMI.

“IAG has had a 75 per cent increase in its profits from its New Zealand operations while Kiwi households face rising premiums.

“This must stick in the craw of Christchurch residents three years after the earthquake.

“Labour’s KiwiBank-style insurance company KiwiAssure will keep the sector honest.

“With 90 per cent of the insurance sector owned by overseas interests, a Labour government will introduce KiwiAssure, an insurance company that will work for all New Zealanders,” David Cunliffe says.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Labour/Greens Deal (And The NZDF)

If Labour and the Greens were hoping their Budget Responsibility Rules (BRR) agreement would foster an unlikely alliance then hey… mission accomplished! Because it isn’t every day that Sue Bradford, the CTU and Matthew Hooton speak with one voice, as happened yesterday.

Unfortunately though, it’s hard to see how the BRR agreement will work to the advantage of Labour and the Greens in the context of the 2017 election campaign. More>>

 

Until After The Election: Extension Of Report-Back Date For Havelock North Inquiry

Attorney-General Christopher Finlayson announced today that the report-back date for the independent Inquiry into Havelock North Drinking-Water has been extended at the request of the Inquiry’s Panel. More>>

ALSO:

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

OutsKey: John Key's Valedictory Speech

I rise to address this House for the very last time. It has been a huge privilege to have served the people of Helensville as their member of Parliament, and, of course, the people of New Zealand as their Prime Minister. More>>

ALSO:

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news