Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
The Insurance Council has won a High Court ruling which will save insurers millions of dollars in the Christchurch rebuild.
The High Court has ruled that Christchurch City Council’s new earthquake strengthening rules to 67% of new building standard are illegal.
The Building Act 2004 requires just 34%.
The Insurance Council successfully argue 67% would cost insurers several hundred million dollars.
Insurance Council lawyers told the court 67% would not only incur more costs but would hold up the rebuild because there would be disputes about the extent of insurer liability if property owners were required to repair to the higher level.
A detailed report is available in NBR Print property section tomorrow.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Rodney Hide is wrong on climate change
- 'I guess I'm back to piracy' — Auckland man as HBO NOW follows through on cut-off threat
- Judith Collins backs 'great leader' Helen Clark for top UN job
- Carry on: 250 A320s for EasyJet, lower Changi fees and more
- The Moxie Sessions: Will the last person out of Ohura please turn out the lights (but for the love of God don’t unplug the navigation beacon)