On Tuesday Tim Grafton, chief executive of the Insurance Council of New Zealand (ICNZ), gave an address to the Canterbury Branch of The New Zealand Insurance Law Association.
His address is available on the ICNZ website here, and is an interesting insight into how insurers see the world. As is his role, he puts the obligations, role and responsibilities of insurers in a positive light. Very positive indeed.
Towards the end a significant amount of time is given to what seems like special pleading on the issue of government’s Consumer Law Reform Bill, with a view to having the unfair contracts provisions removed. These provisions apparently represent a threat to the way insurers prefer to do business and there is no evidence of a need for legislation dealing with unfair insurance contracts.
For more on unfair contracts legislation there is an Avonside Blog post here.