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Insurance Business | 19 Dec 2016, 09:00 a.m. Agree 0
A broker body fears the public is in for a shock when a second wave of potentially bigger rate hikes hits in 2018
  • Kiwislop | 19 Dec 2016, 10:22 a.m. Agree 0
    Well perhaps it's time to step it up a notch, Gary. Suggest a headline-grabbing statement will be the first port of call - perhaps "Government secretly robbing kiwis to pay for Fire Service administrators"?

    Submitting to select committees and insurance news sites won't get any real traction.

    My personal preference would be for all NZ insurers to decline/cancel all government business, on the basis that they have breached the good faith arrangement. This would wake them up to the issues, particularly when they go looking for replacement cover offshore for all those Wellington risks.

    Of course that won't happen but a softer option would be invoicing the FSL / GST separately, with a covering note about it being an outrageous taxation that everyone in the industry thinks is entirely unfair. Send it along with a template to write to their local MP about the raging injustice taking place. Real people need to be woken up to the issue - don't just preach to the choir on sites like this.
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