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30 May 2020 16:10
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  •   Home > News > Business

    The Earthquake Commission's disappointed a tiff with an insurance company has progressed to the courts

    The Earthquake Commission's disappointed a tiff with an insurance company has progressed to the courts



    Tower Insurance has lodged formal proceedings against EQC - to recover 80 million dollars owed for fixing buildings on EQC's behalf.

    EQC Chief Executive Sid Miller says they're sad they weren't able to reach an agreement outside court - but not surprised.

    He says Tower has long signalled its intent to file proceedings - despite attempts to resolve their differences through negotiation.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     30 May: Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full
     30 May: The business community says everyone should be thinking about how the country can create more jobs after Covid-19
     29 May: The country's largest furniture and homewares retailer retailer will open its doors tomorrow... in what's being described as a significant boost for the local economy
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     29 May: Coronavirus sparks unprecedented closure of UK pubs, causes 70 million pints of beer to be wasted
     29 May: Farmers are supporting the efforts, to keep our waterways clean
     29 May: Expectation that it will take 12 to 18 months till the country financially recovers
     Top Stories

    RUGBY RUGBY
    Braydon Ennor enjoyed a bit of soul searching during his Covid-19 lockdown More...


    BUSINESS BUSINESS
    Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full More...



     Today's News

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