Calls for clarity around steel mesh issue – report

Calls for clarity around steel mesh issue – report | Insurance Business

Calls for clarity around steel mesh issue – report

A new report by Newstalk ZB has suggested calls are being made for the insurance industry to be upfront in its approach towards faulty steel mesh.

Earlier this week, buildings products company Steel and Tube was fined nearly $1.9 million for making false claims about its steel mesh products that were used in the Christchurch earthquake rebuild.

Claimant advocacy group, EQC Fix spokesperson Mel Bourke reportedly said that affected homeowners deserve an answer.

She told the radio network that the Ministry of Business, Innovation and Employment (MBIE) should state their position and encourage the Insurance Council of New Zealand (ICNZ) and the insurance industry to give a “very clear” statement on how they plan to deal with the issue.

“In what I would be incredibly disappointed, is to hear Mr. Grafton say that individual insurance companies should be making individual decisions,” she noted.

Do you think there should be a consistent policy towards steel mesh among insurers? Leave a comment below with your thoughts.