Parliament

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

 

Taking action to sort out insurance and EQC Mess

Hon Megan Woods
Minister Responsible for the Earthquake Commission

Hon Andrew Little
Minister for Courts


17 May 2018


Taking action to sort out insurance and Earthquake Commission mess

The Government is launching a special insurance tribunal to resolve outstanding Earthquake Commission (EQC) and insurance claims, as well as launching a public inquiry into EQC, says Minister Responsible for the Earthquake Commission Megan Woods.

“Today’s Budget includes funding to establish an independent insurance tribunal to resolve outstanding earthquake claims so people can get on with their lives,” says Megan Woods.

“The tribunal will resolve unsettled residential insurance disputes arising from the Canterbury earthquakes of 2010 and 2011,” says Minister for Courts Andrew Little.
“It will provide an active, individually case-managed resolution process for claimants and their insurers, as well as mediation services.
“This is a vital part of helping people get their claims sorted. People have often been waiting for years and this is needed to break through the deadlock,” says Andrew Little.

Budget 2018 provides $6.5 million operating funds and $1.5 million capital to establish the tribunal.

“The Tribunal will help people look to the future with confidence and hope, instead of being trapped in limbo with their lives on hold because of a claim that keeps dragging on,” says Megan Woods.

“We are also funding a public inquiry into the performance of EQC during these earthquakes.
“It’s important we get to the bottom of what went wrong, so that we are better prepared for future disasters. We owe it to the people of Canterbury, who have been through so much, to ensure their voices are heard.

“We also need to look at what was done well, and what has worked better in the Kaikōura earthquake sequence.

“This independent inquiry will have the power to compel evidence, hold public hearings and ensure all the information we need is put on the table.
“Budget 2018 provides operating funding of $800,000 in 2017/18 and $2.4 million in 2018/19, as well as $100,000 of capital in 2017/18 to ensure this inquiry has the resources it needs.

“The inquiry will usefully inform legislative changes to the Earthquake Commission Act 1993 and to EQC, and a planned review of insurance contract law.
“The final terms of reference and membership of the inquiry will be announced shortly,” says Megan Woods.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Budget 2018: "Better Lives For Children"

Budget 2018 builds a better future for New Zealand children, with major investments in health, education, housing and justice to improve thousands of children’s lives, says Prime Minister and Minister for Child Poverty Reduction Jacinda Ardern. More>>

Gordon Campbell: On Budget 2018

To put it mildly, Budget 2018 has not been an outbreak of wild-eyed, tax and spend liberalism. “Unfortunately not,” says CTU economist Bill Rosenberg agrees laconically. “But what you're seeing and within the constraints [the government] have set themselves, they’ve done quite a good job of beginning to eat away at the deficits that have built up over the years. Not only the social deficits, but also in areas like economic development, the provinces, bio-security and so on.” More>>

Budget 2018 - Scoop Full Coverage

 

Corrections Officers: 600 New Prison Beds Not Enough

Finance Minister Grant Robertson announced 600 new prison beds to be built in modular units by the end of next year, but would not say whether the extension of Waikeria Prison would go ahead. More>>

ALSO:

Peters Returns: Visit Reinforces New Zealand-Japan Relationship

Deputy Prime Minister and Minister of Foreign Affairs Winston Peters has departed Tokyo following a productive three-day visit to Japan. More>>

ALSO:

Gordon Campbell: On Regressive Taxes

The headlines would have you believe that inflation is safely under control, but a Statistics NZ press release indicates that isn’t the reality being experienced by the poor, given how the steeply rising costs of smoking, petrol, rent etc are falling disproportionately on low to middle income earners. More>>

ALSO:

Overlapping Treaty Claims: ‘You Are Taking Us To War’

Treaty Negotiations Minister Andrew Little was speaking about the treaty process and the importance of communication when he was challenged by a kaumatua from Tauranga Moana. More>>

ALSO:

Workplace Harrassment: Rights Body's Policy Inadequate

"Judge Coral Shaw’s report confirms what our members at the HRC have told us: that the workplace culture at the HRC needs to be addressed," PSA National Secretary Glenn Barclay says. More>>

ALSO:

Charter Schools: Transition Begins

As the next step in the transition of charter schools into the state school system, the formal process to end charter school contracts is starting today, Education Minister Chris Hipkins says. More>>

ALSO:

Labour & Labour: 'Not All Businesses Will Survive' Employment Changes

Q+A Transcript: Workplace Relations Minister Iain Lees-Galloway says New Zealand needs a high-skill, high-wage economy and accepts that some businesses will not survive some of its policy changes. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages