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

Last Sitting Day Of Parliament: Slave Ships Bill To Pass

The House resumed at 9am and MPs agreed to add the third reading of the Fisheries (Foreign Charter Vessels and Other Matters) Amendment Bill to this morning’s business.

The bill requires all foreign owned fishing vessels to fly under a New Zealand flag from May 2016 and obey all New Zealand laws. This includes labour laws...

Last night Opposition MPs accused the Maori Party of blocking the passage of this bill into law in this Parliament, no members of the Maori Party were in the House to answer the accusations though they denied this in a press release. More>>

 

Parliament Today:

Novopayout: Government-Owned Company To Take Over School Payroll

After lengthy negotiations, the Ministry of Education and the existing school payroll provider, Talent2, have settled both on the amounts payable by Talent2 towards the costs of remediating the Novopay service and a new operating model for the school payroll system. More>>

ALSO:

Employment: Labour Will Raise Minimum Wage, Restore Work Rights

A Labour government will raise the minimum wage $2 an hour to $16.25 and restore work rights to ensure the benefits of economic growth are shared fairly by all New Zealanders, Labour Leader David Cunliffe says. More>>

ALSO:

Police: Crewe File Review Released

No new evidence has come to light implicating any specific person as being responsible for the murders of Jeannette and Harvey Crewe... The review identifies there is a distinct possibility that Exhibit 350 (the brass .22 cartridge case) may be fabricated evidence, and that if this is the case, that a member of Police would have been responsible. More>>

ALSO:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Greens: Plan To Protect Our Maui’s Dolphins

1. Protect Maui’s from being killed in the sanctuary set up to protect them... 2. Extend fishing protections to the entire Maui’s range... 3. Help protect the livelihoods of affected fishers by supporting them to adopt dolphin-safe fishing methods. More>>

ALSO:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news