Russell McVeagh has been working alongside the Earthquake Commission (EQC) on a project that will see EQC work in partnership with private insurers to improve customer experience and support New Zealanders through natural disasters in future.
Announced last week, the partnership and new model will provide an improved, more collaborative approach to assist Kiwis claim for damages to their homes in the wake of natural disasters. The unique model will begin in Q2 2021 and will mean that anyone with home insurance that experiences damage, will only need to lodge a single claim through their private insurer.
Russell McVeagh’s team was led by Corporate partner Mei Fern Johnson, and the project involved negotiations between EQC and eight private insurers (AA Insurance, Chubb, FMG, Ando (Hollard), IAG, MAS, Vero, and Tower), with those private insurers representing more than 99% of the residential insurance market.
“This project involved complex, multi-stakeholder negotiations and we were pleased to assist EQC with this new response model, that will make the process quicker and less stressful for claimants, and provide certainty for homeowners throughout an already worrying time,” she says.
You can read more about the project here.
- JunoLegal Grows With Another NZ In-House Counsel HireNew Law firm Juno Legal has recruited another senior New Zealand In-house Counsel with its recruitment of former BP NZ General Counsel Rachael Lynch. She has spent 15 years […] More
- What’s Happening At Meredith Connell With Its Litigator Departures?Why are litigators departing from Meredith Connell? More
- Supreme Court Remits Kim Dotcom & Associates’ Case To Court of AppealThe US Government and Kim Dotcom Agree On One Thing At Least . . In a Supreme Court decision released today the Supreme Court has remitted the proceedings to […] More
- How Much Has The Dotcom Case Cost The New Zealand Taxpayer? Take A GuessHow does $7 Million Sound? It’s taken nine years of battling, but the cost to the New Zealand taxpayer of the claims against Kim Dotcom and Megaupload have consumed […] More
- Law Firm Branding: Buddle Findlay ‘Refresh’ Their Brand – But Does It Cut The Mustard?Christine Hansen – “Refreshing” a law firm brand is always a fraught task, but as the legal market becomes more tech-focused and competitive, the need to show you are […] More