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2 Jul 2018
Southern Response has recently announced how it will approach the limitation period and limitation defence after 4 September 2018.
Full Article18 Aug 2016
We’ve all heard of a ‘personal guarantee’, but what is it and is it worth the paper it is written on?
Full Article13 May 2016
The EQC and the EQC Action Group have recently released a joint statement clarifying the principles that guide the EQC’s assessment and settlement of building claims under the Earthquake Commission Act. Read more to see whether this may affect your claim.
Full Article31 Jul 2015
The Canterbury Earthquake Recovery Authority ("CERA") has released its Recovery Plan following the Supreme Court's judgment in Quake Outcasts v Minister for Canterbury Earthquake Recovery [2015] NZSC 27. The plan provides for new Crown offers to be made at 100% of the 2007/08 rateable land value for vacant, insured commercial and uninsured properties in the Residential Red Zone.
Full Article23 Jul 2015
The Supreme Court recently delivered its judgment in Southern Response Earthquake Services Ltd v Avonside Holdings [2015] NZSC 110 finding that a 10% allowance for contingencies and a 10% allowance professional fees was payable as part of a notional rebuild calculation. This decision will have ramifications for AMI policyholders, as well as other policyholders with similar policies.
Full Article21 May 2015
‘As is where is’ sales are becoming increasingly popular in the Canterbury region since the 2010 and 2011 Canterbury earthquakes. Prospective purchasers often see a quick profit to be made with these properties; however, there are a number of risks that you need to consider before committing to such a purchase.
Full Article20 Feb 2015
On 13 February 2015 the Court of Appeal delivered its judgment in Kraal v EQC & Allianz New Zealand Ltd. It dismissed the appeal, finding that the risk of rock fall that is not “imminent”, is not “natural disaster damage” and is not a form of loss or damage covered under the Earthquake Commission Act 1993 or the private insurance policy in question.
Full Article