Well that didn’t take long. The Insurance Council has come out attacking Labour for KiwiAssure. Which is odd really, given the claim that there’s already a competitive market. You’d have thought they would welcome a new member to the industry. Wouldn’t you?
Or alternatively, they’ve been making big money at the expense of all of us while the government turns a blind-eye, and now they’re panicking about the rort coming to an end.
Of course the Chief Executive of the Insurance Council, Tim Grafton, was also the Director of Strategy for Jenny Shipley, Chief Advisor to Bill English, and a Senior Advisor to Bill Birch. Which goes to show how permeable the line between the National Party and big business really is.
Ol’ Tory Grafton’s release makes for great reading though, aside from lacking any internal consistency (the “bad old days” theme of the title and first line isn’t addressed anywhere else in the release), I really enjoyed Grafton’s Atlas Shrugged* moment:
the last thing anyone should be doing is trying to drive away insurance capital,
What are they going to do? Pack up they’re bags and leave? Oh! No! Who would overcharge us for insurance then???