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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Labour: Little Announces New Shadow Cabinet

“Labour had an impressive intake of fresh faces after last year’s election and newest MPs have now had a year to show what they’re made of. This reshuffle rewards hard work and continues my drive to renew our Caucus line up." More>>


Because Reasons: Someone Reckons David Seymour Is Politician Of The Year

Trans Tasman's 11th annual Roll Call has thrown a curve ball this year, ignoring the likes of John Key, Bill English, and Winston Peters to pick its politician of the year from the ranks of the new generation. More>>


Whaling: NZ Deeply Disappointed By Japan's Decision

“New Zealand is strongly opposed to whaling in the Southern Ocean. We call on Japan to take heed of the 2014 International Court of Justice decision and international scientific advice concerning their whaling activities.” More>>


Relevant Consents Gained: Government Unveils RMA Reform Package

The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180-page Resource Legislation Amendment Bill containing reforms that have been largely endorsed by most political parties. More>>


Closing Schools And Such: Interim Redcliffs Decision Announced

“While the school’s board has argued that circumstances that could give rise to potential disruption are extremely unlikely, advice from technical experts has shown these concerns cannot be ruled out." More>>


Jane Kelsey: High Court Can’t Make Groser Provide TPPA Information Faster

‘This week we went back to court to challenge Trade Minister Groser’s stalling tactics over the release of information on the Trans-Pacific Partnership Agreement negotiations, following a High Court order that he reconsider the Official Information Act request I made last January’, said University of Auckland law professor Jane Kelsey, first applicant in the case. More>>

Werewolf 58: No Climate For Change

The last time the global community tried to take collective action on climate change the world’s leaders finally came to agree that every not-too-onerous effort should be made to hold global warming to 2°C above the pre-industrial average. At Paris, all 150 participant countries nations will have put forward their pledges... On the information available, New Zealand's is the second weakest contribution of any nation in the developed world. More>>


Lambton Quay Shutdown: Object Was Made To Look Like Bomb

Police cordoned off part of Lambton Quay Wednesday afternoon, saying that a suspicious package had been found. Buildings were evacuated and buses were detoured. The army’s explosive ordnance disposal unit was brought to the Quay. More>>


Public Sector Still Shrinking: Record Low Number Of 'Backroom Bureaucrats'

Ongoing restraint in the public sector and a focus on better frontline services has seen a further reduction in the number of core Government employees, State Services Minister Paula Bennett says. More>>


Get More From Scoop



More RSS  RSS News AlertsNews Alerts
Search Scoop  
Powered by Vodafone
NZ independent news