17 Sept 2014
MICHALIK v EARTHQUAKE COMMISSION [2014] NZHC 2238
- Citation
- [2014] NZHC 2238
- Court
- High Court
EQC lawfully applied the 'indemnity value' measure under s19 of the EQC Act by using a depreciated replacement cost methodology based on expert valuation and engineering evidence; that approach is consistent with the statute, legislative history, insurance principles and valuation practice, and judicial review was dismissed.