EQC's disaster fund forecast to run out next year
EQC will get a Government bailout after the Christchurch and Kaikoura quakes have blown through over $6 billion of funds.
The Christchurch and Kaikōura earthquakes have blown through the Earthquake Commission's funds, expected to run out early next year.
EQC's National Disaster Fund has now dropped below $200 million, the point the Government moves to step-in, and is on track to be fully depleted in the first quarter of next year.
Source: The Press – Sep 12 2018