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

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news