Insurance log jam

An insurance company has 1,000 claims all ticked off but has paid out only eight.

That’s what someone in the construction industry in Christchurch told us.

It must be bad enough coping with the February earthquake and its aftermath without having living in limbo because your claim is caught up in an insurance log jam.

This entry was posted on Thursday, June 2nd, 2011 at 7:00 am and is filed under business, disaster. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to Insurance log jam

  1. Bulaman says:
    02/06/2011 at 7:03 am

    Cl aims?

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  2. homepaddock says:
    02/06/2011 at 8:27 am

    Whoops – yes.

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  3. bulaman says:
    02/06/2011 at 9:38 am

    Off thread so shift as required. On potential liabilities and the ETS beware!

    Hi,
    In the land of unintended consequences (or the real world) we get this little gem from Reuters. Seems if industry impliments energy efficiency measures they may not need carbon credits collapsing the price… So Mr Hart et al can wait until this joyful day arrives and bulldoze as much as he can in a year and repay the liability with zero cost units.. Just love it when a plan comes together!!

    http://www.reuters.com/article/2011/05/30/us-eu-energy-climate-idUSTRE74T23C20110530

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