Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Insurers’ caution new government

The Insurance Council has congratulated the new democratically elected coalition of Labour and the Alliance in earning the privilege to represent New Zealanders in the coming electoral term. Insurance Council members have identified the area of Accident Insurance as being a key one which will impact on them should the coalition government continue its stated intention to reverse accident insurance.

Insurance Council Chief Executive, Chris Ryan, said that insurers’ will be seeking to engage in constructive dialogue with the new government to ensure that an enormously complex area of accident insurance is examined thoroughly before any dramatic change is made to the way it is currently operating. Insurers’ also agree that the new government appears to be responsible and moderate. However, the Insurance Council believes that the first area where tensions will arise between the Alliance and the Labour parties in coalition will be accident insurance.

Labour made its promises almost two years ago believing that the previous government’s reforms would never succeed. The reforms have succeeded beyond anyone’s expectations and it is now the view of the business community generally that Labour is deeply reluctant to nationalise accident insurance and alienate the business community completely. On the other hand the Alliance is seeking to place Lilla Harre into the position of ACC Minister and pursue a nationalisation of industry agenda which will damage New Zealand’s international reputation and cost the New Zealand tax payer a billion dollars in the process.

The new Labour Government’s greatest challenge will be addressing the realities of nationalising a billion dollar industry, returning it to the State-run monopoly of ACC and imposing costs of one billion dollars back on the tax payer without losing its current reputation for being a moderate centre-left government. However, Insurance Council members are pledging to work constructively with the new government to ensure that all issues are examined before any serious mistakes are made.

Accident Insurance is an enormously complex success and will be enormously complex to reverse. It is the view of the Insurance Council that for the incoming government to maintain its credibility, its ideological stand on accident insurance should be dropped in favour of other priorities.
ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Juggling Covid, And France’s Trump-like Populist


It is the age-old Covid problem. How to balance the needs for firms (and schools) to re-open against the need to protect public health. In the past, the balance has been struck by insisting that the best public health outcomes also deliver the best economic (and educational) outcomes. While that may still be objectively true, it is no longer a politically tenable position... More>>

Covid-19 & Education: NCEA And NZ Scholarship Exams To Proceed


NCEA and New Zealand Scholarship exams will proceed, including in areas where Alert Level 3 has been in place, Education Minister Chris Hipkins said today. “The New Zealand Qualifications Authority, Ministry of Education and Ministry of Health have been working together to ensure exams can be managed in a safe way, so students have the opportunity to demonstrate what they have learned... More>>





 
 

Ombudsman: Launches Investigation Into MIQ Booking System
The Chief Ombudsman Peter Boshier is launching a broad investigation into the Managed Isolation and Quarantine (MIQ) booking system after receiving hundreds of complaints... More>>

ALSO:



National: Launches Back In Business Plan

Leader of the Opposition Judith Collins has today launched National’s detailed plan to save livelihoods and unleash our economy in the face of the huge damage being wrought by the extended Covid lockdown... More>>

ALSO:


Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>


Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels