A “balance increase” was approved today for hundreds of homeowners in Canterbury who settled their earthquake claims with state insurer Southern Response.
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The long-awaited policy announcement affects policy-holders who settled before October 2014. Source: 1 NEWS
The full amount announced today has yet to be determined. However, the attorneys previously claimed up to $ 500 million owed to 3,000 plaintiffs.
The long-awaited move comes after Southern Response lost several legal battles over its payments to plaintiffs, such as spouses Karl and Alison Dodds in Christchurch. The Supreme Court found last year that they had been misled and deceived by the Southern Response, which kept higher estimates of the rebuilding of the secret of their earthquake-damaged home.
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This practice, which the Supreme Court has described as deceptive and deceptive, has been used extensively by the state insurer Southern Response. Source: 1 NEWS
Earthquake Commission Minister David Clark said the policy will affect eligible policyholders who settled with the insurer before October 2014.
“The launch of this package aims to address the unfairness of those who settled their claims before October 2014 compared to those who settled later,” he said.
It also comes amid a class action lawsuit against the Southern response by Brendan and Colin Ross. They started proceedings in court against the insurance agency.
The class action lawsuit represents approximately 3,000 document holders who believe they may have been misled by the southern response. The Court of Appeal ruled that a class action suit against the “Southern Response” could be filed on behalf of the former policy makers.
The package may affect some document holders who are part of the class action. Southern Response is coming to court to confirm today that it can communicate with policyholders about the package.
The top-up will be managed by an independent panel made up of former Waymacarry mayor David Ayers (president), attorney Nina Khoury and Santra Manderson, a former New Zealand police district chief who served in Canterbury after the 2011 earthquakes, and audit and risk director Fiona Mules.
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