The Earthquake Commission has already received about 7,000 claims from last week's Kaikoura quake. EQC expects the number of claims to be fewer than in Christchurch.
Christchurch locals need more time to file earthquake claims before the limitation period expires according to community groups.
Last-minute claims for property damage caused by the Canterbury earthquake are flooding into the Earthquake Commission as the deadline looms. Homeowners have responded to an eleventh-hour hurry up, and the number of claims being lodged daily has almost quadrupled.
An entry from Gallivanta's blog for 8 July 2014 entitled, "The land that claims us".
The Earthquake Recovery Minister says he's sick of insurance companies giving baseless excuses for delaying earthquake claims in Christchurch .
Thousands of people are making insurance claims after heavy rain and flooding in the north of New Zealand, especially in Auckland. Insurance lawyer Peter Woods has worked on property claims for earthquake damage in Canterbury and Marlborough.. He has also been an Independent Specialist Adviser to the government. Peter talks to Lisa Owen.
People have until midnight tonight to lodge a claim with the Earthquake Commission for property damaged in the February Christchurch earthquake.
Christchurch police have made their first arrest for false claims over earthquake damage, charging a local woman with obtaining by deception.
The Canterbury earthquakes will wipe out all the funds held in reserve to cover claims to the Earthquake Commission.
The insurance arms of Suncorp New Zealand have reported lower profits off the back of the Kaikoura earthquake and a rise in Canterbury earthquake claims. .
People in Canterbury with homes damaged by the February 22nd earthquake have less than six hours left to lodge a claim with the Earthquake Commission.
Official figures show the Christchurch City Council's legal bill to settle its earthquake insurance claims is sitting at nine million dollars, and climbing.
The Earthquake Commission has just two days to settle all of the Canterbury earthquake claims worth less than 15-thousand-dollars.
EQC's manager for the Canterbury home repair programme, Reid Stiven, respondes to claims of misleading estimates of damage to household foundations from the 2010 and 2011 earthquakes.
The insurance company, Tower, has strongly criticised the time it's taking to settle Canterbury earthquake claims and says the insurance system for handling such disasters is broken.
The Earthquake Commission says claims from Canterbury homeowners are pouring in with 45,000 recorded so far, and 100,000 expected by the time the dust settles.
Canterbury residents who haven't seen hide nor hair of a Earthquake Commission inspector have been told they might need to make a fresh claim to get noticed.
This study analyses the Earthquake Commission’s (EQC) insurance claims database to investigate the influence of seismic intensity and property damage resulting from the Canterbury Earthquake Sequence (CES) on the repair costs and claim settlement duration for residential buildings. Firstly, the ratio of building repair cost to its replacement cost was expressed as a Building Loss Ratio (BLR), which was further extended to Regional Loss Ratio (RLR) for greater Christchurch by multiplying the average of all building loss ratios with the proportion of building stock that lodged an insurance claim. Secondly, the total time required to settle the claim and the time taken to complete each phase of the claim settlement process were obtained. Based on the database, the regional loss ratio for greater Christchurch for three events producing shakings of intensities 6, 7, and 8 on the modified Mercalli intensity scale were 0.013, 0.066, and 0.171, respectively. Furthermore, small (less than NZD15,000), medium (between NZD15,000 and NZD100,000), and large (more than NZD100,000) claims took 0.35-0.55, 1.95-2.45, and 3.35-3.85 years to settle regardless of the building’s construction period and earthquake intensities. The number of claims was also disaggregated by various building characteristics to evaluate their relative contribution to the damage and repair costs.
Those displaced or affected by the Auckland floods and Cyclone Gabrielle can get help with insurance claims through a new service from today. The Government has launched the New Zealand Claims Resolution Service for homeowners to resolve issues and settle claims. The service is modelled on two that were used during the Canterbury earthquakes. Minister of Commerce and Consumer Affairs Duncan Webb spoke to Guyon Espiner.
Shares in the insurance company, Tower, have plunged close to 20 percent today after it said its profits will likely fall more than 16-million dollars because of Canterbury earthquake claims.
The Earthquake Commission has offered a formal apology for its handling of quake claims in Canterbury. The apology from its chair, Sir Michael Cullen, is included in its just released annual report. Conan Young reports.
A new survey shows New Zealand insurers are worried the industry's reputation could be ruined if it does not deal well with the huge number of claims from the Christchurch earthquakes.
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.
A graphic giving statistics on EQC claims.
A graphic giving statistics on EQC claims.
More on allegations from the Earthquake Commission that some contractors have been filing false invoices for work done on the Christchurch rebuild.
The Earthquake Recovery Minister and the Insurance Council both deny that insurance companies pressured the Government to relax building guidelines in Canterbury.
The Earthquake Commission is insisting the current model for settling earthquake claims is the right one. That's despite a report from one of the country's largest insurers that says the system is inefficient and is having a significant impact on the timely resolution of claims in Christchurch.
A chart showing the status of EQC claims.
Graphs showing the status of business insurance claims.