The Northern Territory news Fri 14 Dec 2012
NT news
The Northern Territory news; NewspaperNT
2012-12-14
This publication contains may contain links to external sites. These external sites may no longer be active.
English
Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin
Nationwide News Pty. Limited
Darwin
application/pdf
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Nationwide News Pty. Limited
https://www.legislation.gov.au/Details/C2019C00042
https://hdl.handle.net/10070/243531
https://hdl.handle.net/10070/602617
www.ntnews.com.au Friday, December 14, 2012. NT NEWS. 3 P U B : NTNE-WS-DA-TE:14-DGE:3 CO-LO-R: C-M Y-K ntnews.com.aul l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l NEWS Quickweather DARWIN Afternoon shower or gusty storm ALICESPRINGS Afternoon shower or storm. Light tomoderatewinds MAX 35 MAX 40 FULLWEATHERREPORT:PAGE55 SundayBingo This weeks bingo numbers are 6, 7, 9, 13, 14 and 15. The lucky numbers were drawn by Noilyn Agudera. If Noilynwon the bingo jackpot shewould go on a big holiday and save somemoney for a new home. Nowinners this week. Next week, game number 342, will jackpot to $53,500.00 Insurance skyrockets By NIGEL ADLAM TERRITORIANS living in apartments are being hit by hefty home insurance premium increases. The smaller the block of flats, the bigger the rise. Swanky Hastings on Mindil where apartments are worth up to $1 million are copping only 5-10 per cent increases, but duplex owners in a block of four are paying more than 50 per cent more. One homeowner said her strata title insurance from the Territory Insurance Office had increased from $1500 a year to $2600. Thats a massive rise, she said. I cant see how its justified. Other TIO premiums are also increasing motor insurance by 4 per cent and non-strata title home insurance by 6.4 per cent. TIO boss Richard Harding said four factors were driving up prices: THE investment market the return on the insurers $1.5 billion investment was earning less because of low interest rates. Insurance premiums are cyclical, Mr Harding said. When interest rates are high, the return on investments is greater and increases in premiums can be kept down. When rates are low, the return is less and premiums tend to go up more. THE reinsurance market TIO passes on much of its risk to other companies, many of them based overseas, and they are charging more after losing $96 billion worldwide on natural disasters in the 18 months to last October. Reinsurance has gone up 5-10 per cent in the Territory. A PUSH by TIO to make premiums more equitable. An apartment on the waterfront at Nightcliff was being subsidised by a bloke in Palmerston, Mr Harding said. But the cyclone risk is very different. INDEXATION the automatic 5 per cent increase on reconstruction costs if a property is destroyed. The soaring cost of building is pushing up reconstruction costs and premiums. Abbey Meredith, 5, gets down to the serious business of writing a letter to Santa yesterday at Mitchell Street Child Care Centre Picture: JUSTIN SANSON Dear Santa, the letters sent, now its up to you to deliver ABBEY Meredith will echo the wish of most Territory girls this Christmas. Can I please have a Barbie doll? she said. Territory children sending letters to Santa must post them today if they want to receive a reply from the jolly man before Christmas. Abbey, 5, was writing her letter at Mitchell Street Child Care Centre in Darwin city yesterday. She hoped her wishlist would reach the North Pole in time. She said she was confident Santa would visit her on Christmas morning because she had been a good girl. I helped my nana clean my room, she said. And I helped her put up the Christmas tree. Australia Post has so far received 160,000 letters to Santa from around the country this year. Letters to Santa can be posted in any red street post box or at the post office. They need to be addressed to Santa, North Pole, 9999 and should be posted in an envelope with a 60c stamp attached.