Christchurch quake insurance fraud could be $1 billion

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Wed, 19 Sep 2012 6:30p.m.

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The Insurance Council is warning fraud from the Christchurch rebuild could ultimately total more than $1 billion.

The Insurance Council is warning fraud from the Christchurch rebuild could ultimately total more than $1 billion.

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27/02/2013 6:05:17 p.m.

William Maloney wrote:

Insurers have vivid imaginations when it comes to suggesting fraud. They are now the perpetrators of a terrible serious crime against the people of Christchurch. The spin doctors can continue to deflect all they like, but the bottom line with insurers is they are deliberately withholding their obligations to settle claims ...it's a no brainier ...having to wait 2/1/2 years

9/11/2012 11:08:35 p.m.

bob wrote:

what about those repairing homes, Im in one that was estimated at 80K repair but the work looks more like 5 - 10 K , Who investigates these cases I wonder because I would like to lay a complaint ...The insurers also seem to want to underwrite work previously written off by EQC so the catch is 22 ...its the people who are legless

23/09/2012 5:39:47 p.m.

Sarah Miles wrote:

Too bad there's so much emphasis on fraud against insurance companies- it seems to me much of what the insurers are perpetrating against the people of Christchurch amounts to fraud- low ball offers, delay tactics, refusal to pay storage and accomodation costs, more delays, changes in the degree of damage allowable, claims of pre existing damage and the list goes on. Playing with people's lives is 'fraudulent'!!

20/09/2012 2:21:47 p.m.

Gary wrote:

Games and politics. Mass money thrown in to make something happen to be seen to be acting on everyone's behalf. Large business frothing at the mouth to get a piece of the pie, of course there is corruption and fraud this is the world we have created. disasters and war always create wealth for the few. As soon as the dust settles the vultures start circling

20/09/2012 12:35:24 p.m.

Ted wrote:

You only had to watch the TM messageboard to spot many of those making multiple claims for the same stuff.

20/09/2012 11:43:41 a.m.

Matt wrote:

Sorry, I should have said: "Hawkins I think, (but certainly not Fletchers").

20/09/2012 10:22:53 a.m.

matt wrote:

@ Roger. Fletchers are the reconstruction partner of the EQC, IAG reconstruction partner is Hawkins (but certainly not Fletchers).

20/09/2012 7:28:29 a.m.

divadays wrote:

Disgusting. Totally disgusting. And you know what? After the entire country's network of charities that give to people in need emptied their coffers and others in the country suffered as a result, to read this just breaks my heart. Perhaps in a country the size of the USA, 1Bil is a drop, but here in NZ? 1Bil is significant and is crippling. Anyone caught committing fraud, esp in CHCH as a result of the Quake and rebuild should be thrown in prison for a term reflecting the size of their crime. $1000, Community service, $100000 - $1mil 3mths to 1yr prison, over $1mil, 2yrs min...but 40 - 250MILLION +++?? 10years at a min with the money recovered from any assets held by the FAMILY and by any TRUSTS set up to slither around it. If there is one person in a family, lets say the Fletcher boss, and the scale is on this massive scale, then his whole family would be reaping those benefits, therefore they all need to pay for it (except for kids up to 18). Whilst so many suffer, these mongrels (and I am NOT saying it IS Fletchers, that is just a name for an example of a huge business), lap up the money, money they have no right to. No wonder the cost to rebuild is so damned high. It shouldn't cost that much. There is no need for it to cost that much. BOOOOO to those ripping off the residents of CHCH and the residents of NZ.

20/09/2012 5:57:43 a.m.

Richard wrote:

Fletchers have significant investment in the fraud, which the NZ government have a large number of shares in. The losers are the NZ tax payers and Christchurch citizens. Absolutely chocking behaviour.

19/09/2012 10:45:35 p.m.

roger wrote:

The SFO should be reviewing the connection between the insurance companies and Fletcher Construction. Hugh Fletcher sits on the board of directors for IAG but has only just resigned from his position on the board at Fletcher. He is also sapping perks via his wife, one of the Chief Court Justices whilst we in Christchurch continue to suffer. Its so very wrong.