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Politics
3 mins to read

Southern Response needs another indemnity to keep it solvent

The Treasury says earthquake damage claims are not declining in line with forecasts.

The Treasury says claims from the Canterbury earthquakes are expected to keep reopening until 2029.

Brent Edwards Mon, 17 Feb 2025

Southern Response continues to settle outstanding claims from the Canterbury earthquakes, but the Treasury has warned ministers an increasing number of claims are threatening the budget.

In a report last October – to Finance Minister Nicola Willis, then State-owned Enterprises Minister Paul

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Brent Edwards Mon, 17 Feb 2025
Contact the Writer: brent@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Southern Response Canterbury earthquakes Treasury earthquake claims indemnity costs Nicola Willis AMI Insurance Natural Hazards Commission
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