Christchurch City invokes arbitration over $528m of damage claims against Aon

Christchurch City Council is seeking $528 million from Aon New Zealand following its 2011 earthquake insurance claims.
If the council is even partially successful the money will go a long way to improve its financial position and reduce reliance on ratepayers for recovery and enhancement projects.
The council initiated arbitration against Aon, which provided insurance broking services over material damage and business interruption.

CHRIS HUTCHING/STUFF

Some earthquake damage at Lyttelton Port is yet to be repaired.

Christchurch City received just over $600m for damages and business interruption in 2016 from Vero but it claims that omissions by Aon caused it to recover less than it should have, hence the $528m claim.