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

 


Vero tells insurers ‘don’t apologise’ for Canterbury

Vero tells insurers ‘don’t apologise’ for Canterbury

In an insulting and bizarre statement, the boss of one of New Zealand’s biggest insurance companies told his industry not to apologise for the appalling way it has handled Canterbury earthquake claims, says Labour’s Earthquake Commission Spokesperson Clayton Cosgrove.

“Vero chief executive Gary Dransfield is reported as saying the reason insurance is a political issue is not the insurance industry’s slow and frustrating response but is because of political dynamics in Canterbury.

“He said insurance companies should not, ‘stand idly by while others use criticism of private insurance companies as convenient diversion from inadequate public planning and administration’.

“This is frankly bizarre and insulting, especially coming from this company whose parent company Suncorp made a 264 per cent increase in earnings in New Zealand in the past year[1].

It also flies in the face of all the evidence.

“The latest numbers show insurance companies have finished only 15 per cent of rebuilds and 10 per cent of ‘over cap’ repairs in three years. There are 4000 people still waiting for insurer-led rebuilds.

“Of insurer-led repairs that cost over $100,000, less than 10 per cent of 7000 homes have been completed.

“Gerry Brownlee was described as getting ‘a bit of a shock’ when he heard, saying: ‘I was of the view they were doing better than that’. Gerry Brownlee must be the only person in Canterbury to be surprised by those figures.

“After three years of the insurance sector dragging the chain on earthquake victims they need to get the message –they have an obligation to their customers to settle claims within a reasonable timeframe, to help customers and not constantly fight them for every dollar to try to minimise the industry’s exposure.

“Rather than being shocked, Minister Brownlee should put the heat on the sector to look after people and lift its game. The Minster’s role is to stick up for earthquake victims and not be a passive observer cuddling up to the insurance industry,” says Clayton Cosgrove.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

More Evidence - Scoop Press Conference Recordings:
PM's Post-Cab Presser 8/8/11
"at that point [Tucker] told me he'd release it ..."

Hager Revelations: Inquiry Into NZSIS Release Of Goff Docs

The Inspector-General of Intelligence and Security (IGIS), Cheryl Gwyn, announced she would be instituting an inquiry concerning allegations that the New Zealand Security Intelligence Service (NZSIS) might have released official information to Mr Cameron Slater, regarding briefings provided to the then Leader of the Opposition, for political purposes...

“I am satisfied there is a sufficient public interest justifying the commencement of an own-motion inquiry into the substance of the issues raised with my Office,” said Ms Gwyn. More>>

Goff: Director’s Letter Contradicts Key’s Claims

At yesterday’s media standup, when asked on the topic John Key said ‘I wasn’t told’...
“In a letter dated November 2011 former SIS director Warren Tucker states three times that ‘in accordance with the usual practice of keeping the minister informed’ the Prime Minister had been told. More>>


 

Parliament Today:

Schools, PPTA Sign Up: Primary Teachers And Principals Vote Down Govt Plan

Teachers and principals have voted overwhelmingly against the Government’s controversial “Investing in Educational Success” policy, including proposed highly-paid principal and teacher roles. More>>

ALSO:

Gordon Campbell: On The Usual Round Of Mud Slinging And Name-Calling

This week gave an interesting example of how hard it is to untangle the reality from the slanging matches. The issue that emerged early this week could hardly be more important. Does the government intend to cut spending in health, education and on the environment if re-elected, or not? More>>

Earlier:

Electionresults.co.nz: National and NZ First Rise in Roy Morgan Poll

National has bounced back in the latest Roy Morgan Poll but the big winner has been New Zealand First who rise to their highest level of support since September 2013. More>>

ALSO:

Fish Pun Warning: By Hoki! It’s Labour’s Fisheries Policy

A Labour Government will protect the iconic Kiwi tradition of fishing by improving access to the coast, protecting the rights of recreational fishers and reviewing snapper restrictions, Labour’s Fisheries spokesperson Damien O’Connor says. More>>

ALSO:

It's Official: Governor General Gives Direction To Conduct Election

The Governor General has signed the writ directing the Electoral Commission to conduct the General Election on 20 September 2014. This is the formal authority to run the 2014 election, and enables candidate nominations to open tomorrow Thursday 21 August 2014. More>>

Gordon Campbell: No More Mr Nice Guy

When future historians seek to identify the exact moment when the prime ministerial career of John Key hit the downward slope, they may well point to Key’s interview yesterday with Guyon Espiner on RNZ’s Morning Report. More>>

ALSO:

Dirty (Politics) Weekend: Collins’ Admission Reason For Key To Act

"Despite claiming that the evidence about her in Nicky Hager's book was ‘false’ Judith Collins has now been forced to admit that she did send information about a Ministerial Services staff member to Cameron Slater for him to use in a baseless smear campaign. More>>

ALSO:

Potential Disasters: Underground Coal Fire On Denniston Plateau

Forest & Bird says one or more coal fires have broken out beneath the Denniston Plateau, and that the Department of Conservation (DOC) must stop Bathurst Resources’ preparatory mining work going on there until the fire or fires are extinguished. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news