New Zealanders are paying too much for house and contents insurance, according to a new survey. Consumer NZ's price comparison survey shows climate and natural hazard risk is being factored in, and is more expensive than ever. Quotes for a large house differed by more than $3,000 across Auckland, Hamilton, Wellington, Christchurch, and Dunedin, and there's a more than $2,000 difference between the cheapest and most expensive policies on offer for a standard-sized house. If you live somewhere with a higher chance of earthquakes - such as Wellington or Christchurch - you'll be charged more for insurance. The cost of house and contents insurance has risen by 5.6% this year, over the past ten years it's gone up 150%. Kathryn is joined by Consumer NZ's Gemma Rasmussen and Katrina Shanks Chief Executive of Financial Advice New Zealand, which represents independent and professional financial advisors.
Photograph captioned by Fairfax, "Aftermath of the earthquake in Christchurch where the cleanup has begun. Marika Begg is faced with a $22,000 biil which she cannot afford to remove fallen macrocarpa trees on her property. Her insurance will not cover it".
Photograph captioned by Fairfax, "Aftermath of the earthquake in Christchurch where the cleanup has begun. Marika Begg is faced with a $22,000 biil which she cannot afford to remove fallen macrocarpa trees on her property. Her insurance will not cover it".
Two men chat over the fence about the state of their houses after the 4th September earthquake in Christchurch. One of them is complaining about the slow pace of reconstruction of houses after the magnitude 7.1 earthquake on 4 September 2010; the second man thinks they are doing their best. Context - Frustration over the slow rate of processing insurance applications and building inspections after the magnitude 7.1 earthquake on 4 September 2010 which although it resulted in a lot of damage, no-one died. In the cartoon the man's red sticker (meaning the house is uninhabitable) has faded to green after being put on the house after the September earthquake. Three days after this cartoon was published the much more disastrous earthquake of the 22nd February struck and many people died. Quantity: 1 digital cartoon(s).
National MP Gerry Brownlee says it's a great tragedy that the former chairman of government insurer Southern Response has been treated the way that he has. Ross Butler resigned on Tuesday night after a State Services Commission inquiry found Southern Response had broken its code of conduct and possibly the law, when it used private investigators to secretly record meetings of earthquake victims. The Minister for Christchurch Regeneration Megan Woods says Mr Butler was aware of what was going on, as was Mr Brownlee when he was a Minister.
Topics - ready with the pumps at last this time, but thankfully not as much rain - so far - as feared for people in the low-lying Flockton Basin in Christchurch. Labour's proposing a special court be set up just to deal with earthquake insurance claims, as part of a policy around the Christchurch rebuild. The policy would see an Earthquake Court established to try to speed up the settling of 9,755 outstanding "over cap" insurance claims. John Banks will be gone by Friday from Parliament, at the behest of the ACT party with a gentle nudge from the Nats as well. The PM thinks it's a joke that the Civilian political party, run by Ben Uffindell and named after his satirical webite, will receive $33,000 of taxpayer funding for the coming election.
158 other buildings may share CTV construction flaw; US defence chief lifts ban on NZ vessels in US ports; first snapshot of national standards data published today; Korean fishing boat officers fined more than $400,000; and SFO starts investigation into Christchurch earthquake insurance fraud.
The Canterbury earthquakes of 2010 and 2011 generated hundreds of thousands of insurance claims, many of which were disputed. The New Zealand justice system faced the same challenge encountered by other jurisdictions following a natural disaster: how to resolve these disputes quickly and at minimal cost but also fairly, to avoid compounding the disaster with injustice? The thesis is of this article is that although the earthquakes were catastrophic for New Zealand, they also created a unique opportunity to design an innovative civil justice process—the Christchurch High Court Earthquake List—and to test, over a relatively short timeframe, how well that process works. This article describes the Christchurch High Court Earthquake List and analyses it by reference to civil justice theory about the relative normative values of public adjudication and private settlement and the dialogic relationship between them. It then evaluates the List, using statistics available five years on from the earthquakes and by reference to the author’s own experience mediating earthquake disputes.
Shows an egg that represents '2012' with a chick beginning to peck its way out. In the background storms rage. Someone hopes that it will 'be softer and fuzzier than the last one!' Context: Refers to the difficulties and disasters of 2011 in New Zealand. Christchurch earthquakes and aftershocks continue with complicating rebuilding and insurance issues, the wreck of the Rena, and various weather events and political issues. Quantity: 1 digital cartoon(s).
The New Zealand Kellogg Rural Leaders Programme develops emerging agribusiness leaders to help shape the future of New Zealand agribusiness and rural affairs. Lincoln University has been involved with this leaders programme since 1979 when it was launched with a grant from the Kellogg Foundation, USA.On 2 March 1987 the Bay of Plenty region suffered an earthquake of magnitude 6.3 on the Richter scale, centred at Edgecumbe. Severe damage to personal and industrial property and drainage systems occurred. In hindsight, although much of the damage was covered by insurance, loans, public and government contributions, the continuing reconstruction costs have had a tremendous impact financially on individuals and the District as a whole. By highlighting some of these ongoing costs and suggestions of alternatives other Rural communities may be better prepared to lessen the effect of a natural disaster such as the Edgecumbe Earthquake of 1987.
The debt stricken state-owned enterprise Solid energy is in crisis talks with the Treasury and its banks, two years after the Christchurch earthquakes, insurance companies are blamed for delays in the rebuild, and in dateline pacific Papua New Guinea is building up its military to build roads.
More snow expected in Southland as region starts to mop up, United Future leader questions stability of Act, Seismologists say aftershocks tailing off for Canterbury, Questions raised over earthquake victims insurance, Gunmen attack tourists in Delhi shooting and Farm land drops two-thirds in value in one year.
The "Lyttelton Review" newsletter for 29 October 2012, produced by the Lyttelton Harbour Information Centre.
Page 4 of Section A of the Christchurch edition of the Christchurch Press, published on Friday 17 June 2011.
A video of an interview with Rick Hellings, Managing Director of Smiths City Group, about the experiences of businesses in the aftermath of the 2010 and 2011 Canterbury earthquakes. Hellings talks about the changes in regulation and geography in Christchurch after the earthquakes and the importance of managing risks, understanding insurance, and being prepared for change. He also talks about the importance of keeping customers and business partners informed, looking after staff and customers, and reducing costs to offset the increases in rent. This video is part of a series about businesses in Christchurch after the earthquakes.
A new gateway into Christchurch is named 'Highway to hell'. Context: describes the way many Christchurch people feel about their city after the earthquakes of 2010 and 2011. There is a high level of frustration and feelings of helplessness brought about by uncertainty about the future because of building and insurance problems. Quantity: 1 digital cartoon(s).
Page 4 of Section A of the South Island edition of the Christchurch Press, published on Friday 17 June 2011.
A scathing inquiry into the Earthquake Commission's handling of the 2010 and 2011 Canterbury earthquakes could mean huge change for how it handles claims. The Government says it's committed to implementing all of the recommendations from the inquiry, including improving its communication, planning and preparedness and dispute resolution. John Goddard, an insurance and employment law barrister who dealt with more than 4000 claims at the time, says repairs were handled poorly and the new recommendations won't cover all the bases. John Goddard and Melanie Bourke of EQC Fix speak to Corin Dann.
A video of an interview with Peter Townsend, Chief Executive of Canterbury Employers' Chamber of Commerce about the experiences of businesses in the aftermath of the 2010 and 2011 Canterbury earthquakes. Townsend talks about business collaboration in Christchurch, the need for businesses to have a back-up plans, the increase in people working from home, and the importance of businesses understanding their insurance. This video is part of a series about businesses in Christchurch after the earthquakes.
An insurance expert says a Supreme Court decision yesterday could open lawyers up to legal action from anybody who has bought a home in Christchurch since the 2010 and 2011 earthquakes. The court's decision makes it clear that insurers cannot be held liable for meeting the full replacement cost of a quake damaged home by the subsequent purchaser of that house.
Shows a postman who has just put an 'Earthquake bill' for '$8.5 billion' into the government's letterbox. Context - The New Zealand government will spend about 8.5 billion NZ dollars (6.6 billion U.S. dollars) over the next few years rebuilding Christchurch. New Zealand Finance Minister Bill English said on Tuesday that the Treasury has estimated the direct cost of the two earthquakes is about 5.5 billion NZ dollars), which will be fully provided for in the Budget in May. He said about 3 billion NZ dollars of that relates to thegovernment's share of local government infrastructure, roads, insurance excesses on schools and housing, land remediation from the September quake, demolition, Accidents Compensation Corporation scheme and the business support package. (Xinhuanet 12 April 2011) Quantity: 1 digital cartoon(s).
A protest is underway outside insurance company Vero's Christchurch's office, with building owners dismayed to be still fighting for earthquake repairs 10 years on. The protest was organised by the owners of an 11 unit apartment block in New Brighton, who says Vero is purposefully delaying progress to wear them down. RNZ's reporter Rachel Graham is at the protest and spoke to Meriana Johnsen
Before the earthquakes, Sarah Miles ran a psychotherapy practice in Christchurch. During the recovery phase she was astounded to find that when it comes to issues of real importance to the citizens â€" welfare, policyholder protection, economic security and education â€" politicians are conveniently deaf, dumb and blind. She’s written a book intended to expose the Government and the insurance industry's failure, she says, to protect the citizens of Christchurch and draw attention to the need for change to ensure that there is not a repeat of what she describes as the fiasco that happened in her city. Sarah Miles’ book, The Christchurch Fiasco â€" Insurance Aftershock and its Implications for New Zealand and Beyond, is published by Dunmore Publishing.
Before the earthquakes, Sarah Miles ran a psychotherapy practice in Christchurch. During the recovery phase she was astounded to find that when it comes to issues of real importance to the citizens - welfare, policyholder protection, economic security and education - politicians are conveniently deaf, dumb and blind. She’s written a book intended to expose the Government and the insurance industry's failure, she says, to protect the citizens of Christchurch and draw attention to the need for change to ensure that there is not a repeat of what she describes as the fiasco that happened in her city. Sarah Miles’ book, The Christchurch Fiasco - Insurance Aftershock and its Implications for New Zealand and Beyond, is published by Dunmore Publishing.
Before the earthquakes, Sarah Miles ran a psychotherapy practice in Christchurch. During the recovery phase she was astounded to find that when it comes to issues of real importance to the citizens - welfare, policyholder protection, economic security and education - politicians are conveniently deaf, dumb and blind. She's written a book intended to expose the Government and the insurance industry's failure, she says, to protect the citizens of Christchurch and draw attention to the need for change to ensure that there is not a repeat of what she describes as the fiasco that happened in her city. Sarah Miles' book, The Christchurch Fiasco - Insurance Aftershock and its Implications for New Zealand and Beyond, is published by Dunmore Publishing.
A video of a presentation by Hugh Cowan, General Manager of Reinsurance, Research and Education at EQC, during a panel at the 2016 Seismics in the City Conference. The panel has three themes:A City on the Move: Collaboration and Regeneration: "'Christchurch is now moving rapidly from the recovery phase into a regeneration stage with Central and Local Government working with the wider community, including the business community to ensure we get optimal outcomes for greater Christchurch' (CECC)."Looking Back: Remembering and Learning: "What are the milestones? What are the millstones? What have we learnt? What have we applied?"Looking Forward: Visioning and Building: "What do we aspire to? What are the roadblocks? What is the way forward?"
More than 600 Christchurch home-owners face a wait of up to 18 months before its decided who foots the bill for earthquake repairs that could cost hundreds of millions of dollars. The problem - first revealed on Checkpoint in March - is that owners bought homes thinking all quake damage had been identified and fixed - only to find more problems that weren't addressed. The people affected cannot claim on their insurance - because the damage pre-dates them buying the house - and any grant from the Earthquake Commission is capped. EQC has publicly apologised to those affected but the Minster, Megan Woods, says it's unclear who will pay for the needed repairs.
British researchers have found smokers are twice as likely to succeed in quitting if they receive supportive text messages, the head of the Christchurch Earthquake Rebuilding Agency (CERA) Roger Sutton says there will be no quick end in sight for the ongoing insurance problems in Canterbury and the government's hoping a new deal with Bollywood film-makers could bring millions of dollars into New Zealand.
Depicts National MP Aaron Gilmore walking off carrying two suitcases. A row of Christchurch insurance men are calling for him to return and saying they have the right job for his talents. Refers to Gilmore's resignation after National Party censure following to his drunken bullying behaviour to a waiter in a Hanmer Springs restaurant (3 News 13 May 2013) Quantity: 1 digital cartoon(s).
This dissertation contains three essays on the impact of unexpected adverse events on student outcomes. All three attempt to identify causal inference using plausibly exogenous shocks and econometric tools, applied to rich administrative data. In Chapter 2, I present evidence of the causal effects of the 2011 Christchurch earthquake on tertiary enrolment and completion. Using the shock of the 2011 earthquake on high school students in the Canterbury region, I estimate the effect of the earthquake on a range of outcomes including tertiary enrolment, degree completion and wages. I find the earthquake causes a substantial increase in tertiary enrolment, particularly for low ability high school leavers from damaged schools. However, I find no evidence that low ability students induced by the earthquake complete a degree on time. In Chapter 3, I identify the impact of repeat disaster exposure on university performance, by comparing outcomes for students who experience their first earthquake while in university, to outcomes for students with prior earthquake exposure. Using a triple-differences estimation strategy with individual-by-year fixed effects, I identify a precise null effect, suggesting that previous experience of earthquakes is not predictive of response to an additional shock two years later. The final chapter investigates the impact of injuries sustained in university on academic performance and wages, using administrative data including no-fault insurance claims, emergency department attendance and hospital admissions, linked with tertiary enrolment. I find injuries, including minor injuries, have a negative effect on re-enrolment, degree completion and grades in university.