The EQC Fund took decades to build, but less than one decade to decimate.
The New Zealand disaster fund is all but gone.
EQC with less than $170m* left in the fund, and an expected $300m*+ of expected claims including Christchurch related re-repairs known, and 2018 weather events. Botched repairs and reassessments make up a large portion that Southern Response loses an upcoming class action.
Do we have options? Risknet knows we do.
https://www.stuff.co.nz/the-press/107780968/EQC-will-need-large-taxpayer-top-up-next-year-exact-amount-unknown
*Unknowns: Estimates that change daily