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.
- Chris Finlayson QC To Receive Honorary Doctorate in Law After Fighting for Maori Rights
Former Attorney General Chris Finlayson QC is to receive an honorary doctorate of Law from Victoria University at the December graduation week. A National Party Cabinet Minister for nine […] - The Power-Lifting, In-House Lawyer Who Dismisses a Harvey Specter Comparison & Rises To CEO
It was not difficult for in-house lawyer Patrick Gamble to shrug off a comparison made by a magazine article that the up-and-coming young legal operator was something of a […] - Patrick Gamble Named CEO of Perpetual Guardian Group
Patrick Gamble has been named CEO of the Perpetual Guardian Group, a collection of companies delivering market-leading fiduciary and investment services across New Zealand. The Group is the largest […] - Former Liquidator Geoffrey Smith Gets Four Year Prison Term for Fraud
A former Auckland liquidator has been sentenced to four years’ imprisonment on charges brought by the Serious Fraud Office. Geoffrey Martin Smith (67) stole approximately $130,000 from two companies […] - Litigation Funding: LPF Director Says Supreme Court Decision Stresses Importance of Access to Justice
Phil Newland, founder and director of LPF Group, New Zealand’s leading litigation funder, said the principles of access to justice are critical to LPF, yet because legal action […]
Leave a Reply