Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Insurers welcome Christchurch Central Development Unit

18 April 2012

Insurers welcome establishment of Christchurch Central Development Unit

The Insurance Council says it welcomes today’s announcement by the Earthquake Minister, Hon Gerry Brownlee, that a Christchurch Central Development Unit focussing on the rebuilding of the Christchurch Central Business District (CBD) is to be established.

Chief Executive, Chris Ryan, says the Council supports the establishment of the Development Unit, under the auspices of the Canterbury Earthquake Recovery Authority (CERA), as a means of adding significant momentum to the rebuild of the central city and in the longer term, attracting investment to ensure the long term sustainability of the Canterbury Region.

From an insurer’s perspective, a well planned, well designed and well built business hub is critical for the life blood of any major city as it drives the agenda for commercial success, including the success of the insurance industry, which in turn translates back into the productive economy of the region, creating wealth and realising opportunities for the people who live and work there.

As New Zealand’s second major city serving a region which makes a considerable contribution to New Zealand’s economy, it is vital Christchurch has the infrastructure in place to achieve the ingredients for an ongoing and successful future.

With the set-backs to the local economy and people’s livelihoods experienced from the disastrous earthquakes, the establishment of the Development Unit must provide the leadership and vision needed for rebuilding a city every Cantabrian can be proud of and a city that will attract visitors domestically and from abroad, Chris Ryan says.

Insurance payouts to date from private insurers totalling more than $NZ 5 billion dollars are the beginning of what is expected to a $20 billion dollar private insurance contribution to the Canterbury economy by the time the Christchurch rebuild programme is completed. The Insurance Council strongly encourages people receiving earthquake related insurance payouts to reinvest in the local Canterbury economy to ensure the region as a whole benefits.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Department Of Conservation: Beech Mast On The Cards After Warm Summer

Climate modelling shows this year’s hot March has increased the chance of beech forest seeding next summer in parts of New Zealand, which could be bad news for native wildlife. The Department of Conservation (DOC) uses data from NIWA’s virtual climate ... More>>

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Geo40: Global Plans To Recover Low-Carbon Lithium At Scale Accelerated By Investment Of Up To $7.5m By Pacific Channel

New Zealand’s leading sustainable, mineral-recovery company, Geo40 Limited has secured up to $7.5m in equity investment from New Zealand deep-tech specialist Venture Capital firm Pacific Channel to fast-track plans to develop its nascent lithium-from-geothermal-fluid ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>