Written By: - Date published: 7:54 am, July 23rd, 2013 - 104 comments
The Natural Disaster Fund is filled by the EQC levy you pay on your home insurance (currently, $200 a year) and is there to cover EQC payouts. Now, the Fund sits empty. So what happens if there’s another big one, or even a medium-size quake – as is likely and as the Wellington quakes have reminded us is possible? Key would try to borrow billions.
Written By: - Date published: 11:56 am, November 3rd, 2011 - 17 comments
Labour’s EQC policy has taken the holes in the current system revealed by the earthquakes – too low cap, inequitable flat levy, non-universal coverage, lack of provision for accommodation coverage – and fixed them. On top of that, they’ve promised to give people access to their geotech info. Great policy. No wonder National’s angry.
Written By: - Date published: 4:43 pm, June 24th, 2011 - 12 comments
Sometimes you have to simply start from 1.0 for Godwin’s Law. This pretty much applies to anything re-subtitled from the movie “Der Untergang”. The latest one that I have seen is this side splitting rendition of exactly what has been going on inside the EQC operation in Christchurch.
Written By: - Date published: 12:33 pm, June 21st, 2011 - 9 comments
Every day more stories of the poor management of the Christchurch recovery are coming out. Delays in physical rebuilding are understandable. Delays in EQC payouts are another. They undermine the city’s economy and stop rebuilding. A reader has sent in their story. It’s one of many. Brownlee should have sorted this months ago.