Overlapping claims and general confusion are delaying money payable to New Zealand for damage from the Canterbury earthquakes. The money involved is payable through reinsurance schemes taken out by insurance companies in this country, with firms overseas.
The Insurance Council has shot down criticism the industry may be delaying earthquake claims for financial gain.
Two years on from the Christchurch earthquakes, a local author says the insurance industry has failed in its response to the disaster.
Tower Insurance has increased the amount it is willing to pay towards repairing an earthquake-damaged Christchurch home, but is still refusing to pay for a more expensive rebuild.
Both sides are expected to sum up their cases today in the legal battle between Tower Insurance and a Christchurch couple, over the amount owed on an earthquake damaged home.
Earthquake damaged Christchurch homes written off by insurance companies are becoming hot property for investors wanting to make money renting them out.
The Christchurch couple taking their insurance company to the High Court over their earthquake payout have knocked almost a quarter of a million dollars off their claim.
On the third anniversary of the first major earthquake to hit Christchurch thousands of people with the most badly damaged homes are still wrangling with their insurance companies over rebuilds.
A Waikato primary school refuses to back down and re-enroll a violent eleven year old and the country's largest general insurer defends changes to home insurance policies in the wake of the Christchurch earthquakes.
Phil Holdstock, a homeowner; Leanne Curtis, relationships manager for the Canterbury Communities' Earthquake Recovery Network, a network of residents association and community group representatives from the earthquake-affected neighbourhoods of Canterbury; and Jeremy Johnson, insurance partner at Wynn Williams in Christchurch.
The debt stricken state-owned enterprise Solid energy is in crisis talks with the Treasury and its banks, two years after the Christchurch earthquakes, insurance companies are blamed for delays in the rebuild, and in dateline pacific Papua New Guinea is building up its military to build roads.
Topics - Would you like a pay rise of $10,000 a year? That's what the lowest paid Auckland Council staff will get if a plan to implement a minimum wage of $18.40 an hour goes through. The Insurance Council has received a briefing today after a report revealed hundreds of properties on Christchurch's Port Hills are on unsafe land. The GNS Science report released yesterday shows a major rain or snow storm could cause land already loosened by the earthquakes to move.
DAVID SHEARER to the Prime Minister: Does he stand by all his statements? TODD McCLAY to the Minister of Finance: What progress is the Government making in its share offer programme to reduce debt and free up capital for priority spending? Rt Hon WINSTON PETERS to the Prime Minister: Does he believe that he has met the requirements of the Cabinet Manual to behave in a way that upholds, and is seen to uphold, the highest ethical standards in his ministerial capacity, his political capacity and his personal capacity; if so, why? Hon PHIL HEATLEY to the Minister for Social Development: What reports has she received on the latest benefit figures? Hon DAVID PARKER to the Minister of Finance: Will the recent rise in the New Zealand dollar to a post-float high on the Trade Weighted Index cause job losses among non-primary exporters and import substitution businesses? JULIE ANNE GENTER to the Minister of Finance: Does he have a plan to fund the Auckland City rail link in the upcoming Budget given that public backing for the rail project is more than twice as strong as the Government's proposed new motorway north from Puhoi? Dr JIAN YANG to the Minister for Economic Development: How is the Government recognising the importance of China for New Zealand's trade, education and tourism sectors? Hon CLAYTON COSGROVE to the Minister for State Owned Enterprises: What responsibility, if any, does he take for Solid Energy's precarious financial position? NICKY WAGNER to the Minister of Housing: How will the $320 million settlement of Housing New Zealand's insurance claim for earthquake damaged properties help achieve the Government's priority of rebuilding Christchurch? GRANT ROBERTSON to the Prime Minister: What role, if any, did he play in recommending the appointment of Ian Fletcher as Director of the Government Communications Security Bureau? MIKE SABIN to the Associate Minister of Social Development: What early results can he report from the Government's efforts to deal with welfare fraud? GARETH HUGHES to the Minister of Energy and Resources: Will he recommend returning the Crown Minerals Amendment Bill to the select committee so that the public can have a say on the so-called "Anadarko Amendment"; if not, why not?