INDEPENDENT NEWS

Consumers Not Reaping The Rewards

Published: Thu 1 Feb 2001 03:05 PM
'The higher insurance premiums anticipated for both households and businesses, despite the fall in burglary statistics, only add to the inescapable hikes in New Zealanders' cost of living, National Consumer Affairs spokesperson Marie Hasler said today.
"While insurance companies may have genuine worries about covering the big disasters, such as earthquakes and floods, the industry cannot expect the average consumer to subsidise these often remote and irrelevant events.
"By installing burglar alarms en masse New Zealand householders have contributed enormously to the fall in burglary. Yet sadly their efforts won't be rewarded by lower premiums," Marie Hasler said.
Ends

Next in New Zealand politics

Concerns Conveyed To China Over Cyber Activity
By: New Zealand Government
GDP Decline Reinforces Government’s Fiscal Plan
By: New Zealand Government
New Zealand Provides Further Humanitarian Support To Gaza And The West Bank
By: New Zealand Government
High Court Judge Appointed
By: New Zealand Government
Parliamentary Network Breached By The PRC
By: New Zealand Government
Tax Cuts Now Even More Irresponsible
By: New Zealand Labour Party
View as: DESKTOP | MOBILE © Scoop Media