Regulatory Impact Statement: Canterbury Earthquakes Insurance Tribunal [pdf, 466 KB]
...will be a monetised cost to Government. There may be additional monetised costs for insurers and claimants in cases where the tribunal process is used, where those cases may have instead settled informally under the status quo. Where a party then appeals a tribunal decision to the courts, these costs will increase. The initiative may have non-monetised costs for the Government if it does not achieve its objectives (for example, if it slows down progress toward settlement, costs clai...