A concern indeed.
Press Dec 7, 2017) Crown may need to bail out EQC as funds exhausted by November 2016 earthquake (The Press Dec 7, 2017)
Updated March 2018: EQC likely re-repairs to cost in excess of $270m
Updated April 2018: Taxpayers now face possible bailout of re-repairs up to $1b.
Mr. Brownlee, former Minster seems ambivalent at the enormity of the issue.
Mr. Simpson, the previous EQC CEO, absent from comment. It wasn’t too long ago Mr. Simpson reiterated how proud and supportive he was of the EQC ‘machine’.
May 2018 900+ claims EQC just discovered.