Could EQC's haste to settle result in even more deficient repair?
The Press, Sep 08 2018
The Earthquake Commission (EQC) cleared almost half of the Canterbury earthquake claims on it's books in May, but has had nearly the same number of new ones lodged since.
Officials are taking it as a sign things are turning around at the oft-criticised natural disaster insurer, but an insurance advocate worries some of the settlements are based on a "costing of a deficient repair, which is cheaper".
Insurance advocate Ali Jones said she cautiously welcomed any positive news.
She said it was interesting only 3 per cent of recent settlements had gone over-cap as she believed there were a lot of "costly" foundation repairs being claimed for, and worried some of those settled had done so based on a "costing of a deficient repair, which is cheaper".
She believed damage assessment and repair methodology disagreements were the major sticking points for resolving claims.
"I'd really like some focus to go on repair methodology and assessment, rather than figures."
Jones was not surprised 1400 new claims had been made.
Full story here: https://www.stuff.co.nz/national/politics/106864331/eqc-settles-nearly-half-its-christchurch-quake-claims-but-almost-as-many-new-ones-filed