It has been reported that Simon Bridges has lost
the National Party leadership vote to Todd Muller.
Auckland Central MP, Nikki Kaye, as been elected as his
deputy.
New separate news, NZ Finance
Minister Grant Robertson has
said:
They are considering
'helicopter money' but not to a level where they have
details on how it will
work.
'Helicopter money' is where
the Government or Reserve Bank make direct payments to
individuals. These individuals are then expected to spend
this money, thus stimulating economic
activity.
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Following proceedings brought by the FMA, MAS has been ordered to pay a $2.1M penalty for making false and/or misleading representations to some customers. MAS admitted failing to correctly apply multi-policy discounts and no claims bonus discounts to some customers, failing to correctly apply inflation adjustments on some customer policies, and miscalculating benefit payments. More
The economic toll of our summer of storms continues to mount, with insurance payouts now topping $1B, second only to the Christchurch earthquakes. AMI, State, & NZI have released the latest Wild Weather Tracker, which reveals 51,000 claims for the North Island floods & Cyclone Gabrielle, of which 99% (motor), 97% (contents), and 93% (home) of claims have now been settled. More