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Showing posts from November 18, 2012

Southern Response Progress statistics update – Red Zone progress issues

Southern Response have updated their progress statistics to the end of October. The chart is here. The Red Zone statistics make interesting reading and add to concerns that a number of people will not be in a position to leave by the 30th of April 2013.Of Southern Response’s claims 32% are in the Red Zones. All 2,131 in the Red Zones (100%) have had their assessments and costings completed, 98% have had offers, and 87% made decisions based on those offers (numerically this is 233 yet to make decisions, and there are also another 43 yet to receive offers). In the notes with the statistics Southern Response flag this gap as an area of concern.Southern Response also report 49% electing to buy another house, 21% taking a cash offer, 9% as a customer managed rebuild and 8% rebuilding with Southern Response (see the NOTE below about the statistics published in the report). Of those building with Southern Response (164 houses) 21 have been completed. The remaining 143 are made up of 59 under…

Earthquake Royal Commission – more evidence relating to the CTV building has been published

The Royal Commission has published more of the evidence provided for the hearings on the CTV building.The documents can be found here or by going to the document library (here) and searching by putting Madras 249 in the building filter (upper right of the screen).  Unfortunately the search results, for the moment at any rate, are not presented in date order..

Gib Best Practice Guidelines: Wet Areas

If you want to get an idea of what best practice looks like for repairing a bathroom, or having a new one built, there is a Gib best practice guide just out. It may come in handy to see if what you are being offered comes close to being best practice.You can find it here..

EQC work in progress update

EQC have updated their Progress and Updates page with information on:Land damage claims Canterbury Home Repair Programme TC3 drillingThe update is here..

Are insurers trying to shift costs to EQC and elsewhere?

In the most recent EQC Annual Report (here), EQC Chairman Michael Wintringham stated on page 4 that there was an incentive for insurance companies to minimise their own costs by attempting to pass them on to EQC or elsewhere.In this environment, there is an incentive for insurers to reduce their own liabilities by shifting costs to the Crown or to other parties.It would not have been out of place if he had continued to say that not only were there incentives for insurance companies to shift costs elsewhere, but also strong incentives for them to minimise costs by attributing as little value as possible where damage had occurred. The most obvious example is the exercise to turn rebuilds into repairs. Less obvious would be classifying some damage as pre-existing, or proposing repairs that weren’t like-for-like.Insurance website insuranceNEWS.com.au reported today (here) that both VERO and the Insurance Council of New Zealand (ICNZ) reject Mr Winteringham’s statement and provides a lengt…