Originally Posted by
ronaldson
Poet - The source is TWR's NZX announcement on 30 September 2022 titled "Successful Placement of FY23 Reinsurance Programme" supported by the further announcement on 30 January 2023 by way of an update to the current event.
Antipodean is trying to tell me (correctly) that EQC does not cover storm or flood damage to residential buildings, only land under the building or within 8 metres (and with certain exceptions for main accessways, services, retaining walls and so on within 60 metres ) but does cover landslip. So TWR's liability may not be offset by EQC to the extent I suggested.
The last major flood event in Auckland was largely focused on the Kumeu area, only a couple of years ago. This time I have not seen any reports of significant flooding at that location - go figure!