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Speaker 1: On addle Me.

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Speaker 2: This evening got David farrer KII blogging, Curia Polster and

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Speaker 2: Jack tame Q and a host and host of Saturday

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Speaker 2: Mornings on z B. Hire you too, David, Have you

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Speaker 2: noticed your insurance going up?

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Speaker 1: Oh? Absolutely, Look I was partly defended and partly condemned

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Speaker 1: insurance companies. I'll say that was a condemnation because this

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Speaker 1: is so struck. Many years ago, as a conference's treble ed,

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Speaker 1: Richard got up and talked about how he'd been in

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Speaker 1: director of the United States Specialist Insurance Company. They did

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Speaker 1: the hurricane insurance right, and he said they only had

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Speaker 1: one rule that they would never break, which is they

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Speaker 1: would own the insurer buildings that could withstand hurricanes. Remember

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Speaker 1: subs insurance companies, to a large degree, they don't want

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Speaker 1: to pay out. They are there to make profit. But

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Speaker 1: having said that, with high ag I think we're'd be

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Speaker 1: a bit careful when we talk about profit number sound big,

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Speaker 1: but what's their return on equity? Are a trollion dollar

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Speaker 1: company at bilgion dollar company. So I don't think we

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Speaker 1: should say IAD is necessarily profiteering there just because they're

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Speaker 1: the bumper profit. You really do have to look at

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Speaker 1: what their return on equity. But you know, let's not

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Speaker 1: mistake ourselves that you know, insurance companies are highly profitable, but.

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Speaker 2: They really are. And you know, David, the jack the

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Speaker 2: thing is if if you're just talking about car insurance,

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Speaker 2: it's not a big deal, but it's your car insurance

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Speaker 2: and your house insurance, and your content insurance, and your

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Speaker 2: life insurance and your medical insurance. Before you know it,

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Speaker 2: it's going to buy hundreds of dollars.

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Speaker 3: In a year. And it's such a profoundly unsatisfying bill.

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Speaker 3: To have to pay any bill is particularly fun. But

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Speaker 3: you know, like you know, if you you know, you

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Speaker 3: feel like, I don't know, it's time to get some

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Speaker 3: new benchips or something. You lip down to Bunnings of

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Speaker 3: the sale.

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Speaker 1: At least you get.

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Speaker 3: Something out of it, you've got something tangible. But with

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Speaker 3: insurance it's like, ah, the goo is a grand or

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Speaker 3: three grades. So I will.

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Speaker 2: Say, because the husband nearly died last year and he'd

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Speaker 2: been paying health insurance for a really long time, I'll

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Speaker 2: tell you what that was sweet satisfaction getting all that

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Speaker 2: money back like that would have been multiple hundreds of

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Speaker 2: thousands of dollars that play.

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Speaker 3: Out, not that we were obviously wishing your husband to

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Speaker 3: have to go through that. Yes, yes, yes, I mean

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Speaker 3: and certainly, look if my house were the burn down

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Speaker 3: or something like that, I'm sure I'd be very grateful.

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Speaker 3: And I'm not disputing the utility of insurance companies. I

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Speaker 3: think to David's point, though, it is actually very difficult

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Speaker 3: for those of us on the outside to look at

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Speaker 3: a baseline figure like that profit and assess whether or

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Speaker 3: not it's accessive or not, right, especially if you put

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Speaker 3: it in the context of the last couple of years.

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Speaker 3: I mean, let's go and have a look at the

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Speaker 3: profits from you know, the year of the Auckland floods

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Speaker 3: and you know, and the storm heading the stormhading the

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Speaker 3: east coast the North Island. Yeah, yeah, relative to relative

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Speaker 3: to this years, right, So you know, it is pretty

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Speaker 3: difficult to try and assess that. But yeah, certainly, if

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Speaker 3: we're not seeing some sort of premium relief in the

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Speaker 3: next year or two, I think a lot of people

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Speaker 3: be pretty frustrated.

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Speaker 2: Yeah, Hey, David, what do you reckon about the police

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Speaker 2: cracking down on the stupid parents smoking with the kids

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Speaker 2: in the cars? Is that really a priority?

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Speaker 1: Well, I think they should be doing warnings at le

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Speaker 1: I don't think you charging finding parents for being, let's

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Speaker 1: be blunt, bad parents. You know, I really can't think

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Speaker 1: why any parents would expose they could to secondhand smoke.

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Speaker 1: But I think YO clogging up court time worth actual

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Speaker 1: charges isn't the best way. But most parents, you would hope,

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Speaker 1: would respond to an official caution from the police. So

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Speaker 1: I think that's what they should be doing.

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Speaker 4: The Huddle with New Zealand Southby's international realty unparalleled reach

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Speaker 4: and results.

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Speaker 2: Back on the Huddles, Jack Nam, David Farajack, what do

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Speaker 2: you reckon?

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Speaker 3: I reckon if you are the kind of parent who

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Speaker 3: is prepared to smoke with your children in a confined space,

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Speaker 3: you are probably the kind of parent isn't going to

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Speaker 3: really give a toss if the police find you. I

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Speaker 3: just wonder if they should do what they did that

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Speaker 3: they used to do with seat belts, you know, every

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Speaker 3: now and then they do a bit of a blitz, yeah,

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Speaker 3: and then publicize that they get all the newspaper photographers

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Speaker 3: down there, and you know, all people using their cell phones.

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Speaker 3: What you need is for fifty people to be stung

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Speaker 3: on a weekend for smoking or vaping with their kids

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Speaker 3: in the car. Put it on the page of the Herald,

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Speaker 3: and then you should.

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Speaker 1: Be right for a while.

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Speaker 2: But do you know what, it's so interesting. But it's

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Speaker 2: interesting you raise that point because I don't even know

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Speaker 2: if there would be fifty I mean, really, honestly, do

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Speaker 2: parents still do this?

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Speaker 3: I don't think I've ever seen it. No, since they bann,

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Speaker 3: I honestly don't think I think I've ever seen it.

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Speaker 1: I mean, it just.

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Speaker 3: Seems I just cannot imagine being a parent and doing

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Speaker 3: that with a child in the car. I suppose some

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Speaker 3: people might say that vaping is different, but obviously the

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Speaker 3: law doesn't distinguish. Yeah, I just can't imagine it.

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Speaker 2: Have you ever seen it, David?

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Speaker 1: I haven't. I think all three of us would be

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Speaker 1: surprised that we're out of touch with segments.

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Speaker 2: Okay, okay, I'm going to take that in the spirit

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Speaker 2: of middle tea.

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Speaker 1: Go yeah, yeah, you.

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Speaker 2: Weren't trying to be horrible, and so we're going to

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Speaker 2: forgive you. Forgive you for that. David, Listen, are you

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Speaker 2: at all offended that Nicole McKee is a gun obvioust

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Speaker 2: turned MP rewriting gun laws? Is this a problem?

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Speaker 1: To you, no, because she doesn't rewrite them. Anything goes

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Speaker 1: through cabinet. Obviously she has an interest with her background there,

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Speaker 1: that's why she got the portfolio. But you know, any

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Speaker 1: significant changes always goes through a caliborative process, probably will

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Speaker 1: involve the three party leaders. So I don't see it

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Speaker 1: as a big issue, and you know she will be

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Speaker 1: far from the only person. You know, you've had education

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Speaker 1: unionists have become education ministers.

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Speaker 2: Yeah, so Jack, to that point, how is this different

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Speaker 2: from for example, Michael Wood, senior union organizer becoming the

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Speaker 2: workplace Relations minister or Andrew Hogard federated farmer's boss becoming

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Speaker 2: the Sociate Agriculture Minister.

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Speaker 3: I think you guys are absolutely right, and that there

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Speaker 3: are just lots of people who come from advocating for

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Speaker 3: certain interests bday, like collective interests or you know, explicit

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Speaker 3: court interests in the private sector or public sector, who

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Speaker 3: then come into roles in Parliamentose. I suppose the question

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Speaker 3: is really around process, right And to David's point, you know,

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Speaker 3: to consider the criticism from the Police Union of last

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Speaker 3: week of Police Association of last week, you would think

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Speaker 3: that if you came from a public position as a

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Speaker 3: as a as a gun industry or gun lobby spokesperson,

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Speaker 3: then you would do everything in your power to at

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Speaker 3: least include people who might be on the other side

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Speaker 3: of an argument when it came to changing stuff. And look,

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Speaker 3: I mean, I'm sure that the minister will contest that

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Speaker 3: she and the police, you know she has involved police,

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Speaker 3: and that you know, the police union are unnecessarily raising concerns.

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Speaker 3: But I would have thought that's a really good way

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Speaker 3: around it. If there's to be any question over your

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Speaker 3: neutrality in creating those laws, you really want to make

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Speaker 3: sure that you include organizations and voices from a wide

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Speaker 3: range of perspectives.

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Speaker 2: Yeah, but I think that's a fair point, very quickly

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Speaker 2: from both of you. David, do you think that David

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Speaker 2: Seymour is in a little bit of trouble here for

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Speaker 2: being the cut the waiste, slash and burn through the

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Speaker 2: public sector guy, and then it turns out he's building

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Speaker 2: a ministry that's now four times the size of the

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Speaker 2: Productivity Commission it replaced.

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Speaker 1: I don't think the problem is the size of it,

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Speaker 1: but the efforts salary of one hundred and fifty thousand, Yeah,

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Speaker 1: did surprise me, because lot many public stuments are one

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Speaker 1: hundred and fifty found now, but for that to be

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Speaker 1: the average, that just does seem quite high for me.

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Speaker 1: You know, if you're an optimist, you might say, well,

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Speaker 1: they're getting the top people, and they're going to do

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Speaker 1: a great job, and they're going to get rid of

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Speaker 1: some stupid regulations. But we haven't seen that yet. All

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Speaker 1: we've seen is the cost. So the effort is going

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Speaker 1: to be on that they actually have to deliver Otherwise, people,

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Speaker 1: I guess what are we getting by paying all this done?

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Speaker 2: And Jack, I always think there's nothing worse than a hypocrite.

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Speaker 3: Yeah, of course, this is the thing that repulses everyone

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Speaker 3: about politicians and all strips, right, Hypocrisy is the thing

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Speaker 3: that really riles us. Now, I'm not saying this that

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Speaker 3: David Seymour is being hypocrit just yet. I think you

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Speaker 3: guys are right. The proof of the pudding is in

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Speaker 3: the eating. I was personally surprised at the at the

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Speaker 3: size of the ministry. I'm not saying it's necessarily a

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Speaker 3: bad thing, but yeah, those those salaries do seem on

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Speaker 3: the higher side. So you know, it just puts all

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Speaker 3: the more pressure on this on this new ministry to

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Speaker 3: actually have some really significant tangible outcome, it.

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Speaker 2: Better cut a lot out of everybody else to justify

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Speaker 2: its existence. Guys, thank you very much, David Farrah, Jack

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Speaker 2: t Mar Huddle.

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