Two-year deadline to start IAG rebuilds

MICHAEL WRIGHT
Last updated 05:00 24/12/2012

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New Zealand's biggest insurer plans to finish all its earthquake rebuild and repair work by 2015.

IAG said last week that all its residential rebuilds would start within two years, with the last scheduled to start no later than the last quarter of 2014.

Its programme involves 1700 home rebuilds and 3000 major repairs.

IAG Canterbury recovery executive general manager Dean MacGregor said customers could expect a letter soon confirming in which quarter of 2013 or 2014 work on their property would begin.

All customers had had their rebuild or repair status confirmed, but some could change.

He said the hardest-hit customers, with uninhabitable homes, would have their cases well advanced by next year.

At its peak, the programme will deliver 85 new homes and 150 major repairs a month.

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