Photo: RNZ / Conan YoungInsurance giant IAG has finally agreed with the Earthquake Commission about the division of costs of claims for the Christchurch quakes. But the insurer which owns AMI, State and other brands is keeping quiet about details of the quake payments. It follows the announcement last month that owners of property damaged by a natural disaster will only have to deal with their insurer after June next year. EQC agreed a deal allowing claims to be dealt with by private insurers. Under the new partnership, anyone with home insurance whose home or land is damaged in a natural disaster will only need to lodge one claim through their private insurer.

Source: Otago Daily Times November 24, 2020 20:26 UTC