Govt 'can't bail out bad business decisions'

13 Jun 2011 07:05p.m.

mark wrote:

Look i live in my car, life is hard and with winter cold. We cannot afford to pay out after each new quake and there will be more. Chch people need a reality check, this cannot contiue. Move or stay at your own risk you idiots

11 Apr 2011 09:35a.m.

Marina wrote:

We are insured with AMI and live in Christchurch. It is a Christchurch company and has a very high proportion of its customers in Christchurch and surrounding districts. AMI is a very sound company and has been less likely to take on 'bad business' than other insurance companies as AMI does not sell policies via brokers. AMI has a market share of about 30% in Canterbury - larger than any other insurance company. Had the earthquakes hit Wellington, AMI would still be standing strong as their exposure in Wellington is minimal compared to their exposure in their home district of Canterbury. Should we Cantabrians be punished for insuring our properties and cars with a local company? And btw - Sir Roger - nobody knew that there were fault lines right under Christchurch and by making these comments you are adding insult to injury as far as we are concerned. You just wait until it's Wellington's turn and you'll see that AMI will be just fine. Also you kept quiet when the government bailed out finance companies to ensure that rich people who have no other use for their money than play with it get paid out. But when it comes to mums and dads who work their butts off to be able to afford a home for their family then you say they should loose everything they've worked for.

09 Apr 2011 02:36p.m.

John Davis wrote:

Im sure Roger Douglas and his cronies would make a nice profit from the resulting firesales if the government took his advice, nice advice so long as it doesn't effect you. Hes right but in this incidence failure to help would effect a hell of a lot of middle class people not to mention be political suicide unlike that other huge bailout.