A lawsuit against government-owned Southern Response could cost millions in earthquake insurance claims settlements. (Video first published in September 2018)The Supreme Court has made a “hugely significant” decision on earthquake repairs that could cost the Government many millions of dollars. The court has ruled that a class action by Canterbury policyholders against insurance company Southern Response can go ahead on an “opt-out” basis. The lawsuit claims Southern Response did not disclose full repair and rebuild costs in settlement negotiations, so homeowners were not aware of entitlements they could have received. READ MORE:* Southern Response in last attempt to avoid 'opt-out' class action over earthquake payments* Lockdown stalls Southern Response appeal against class action* New Southern Response boss Casey Hurren offers apology in first interview* Landmark ruling allows NZ's first 'opt out' class action lawsuit against Southern ResponseThe-Press Brendan and Colleen Ross are the representatives of a new class action against Southern Response after their house was damaged in the earthquakes.

Source: Stuff November 17, 2020 05:15 UTC