Fletcher loses early bid for convention centre parking cover

Fletcher loses early bid for convention centre parking cover
The 2019 fire at the NZ International Convention Centre has resulted in extensive remediation costs and delays. (Image: BusinessDesk)
Oliver Lewis
Fletcher Construction has lost an early bid to get insurance cover for damage to car parks in the New Zealand International Convention Centre.In a decision issued May 31 in the high court at Auckland, Associate Judge Dani Gardiner dismissed the Fletcher Building subsidiary’s summary judgment application against Chubb Insurance and Berkshire Hathaway Speciality Insurance.The two insurers are providing cover for the NZ International Convention Centre (NZICC) build, which was set back following a devastating fire in 2019.Months before the fi...

More Infrastructure

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity
Infrastructure

Fletcher provides NZICC updates, hands over Horizon Hotel to SkyCity

Fletcher Building has settled remaining contract works insurance claims with the New Zealand International Convention Centre project insurers.Also known as builders' insurance, contract works insurance (CWI) covers construction that is underway.In February, Fletcher determine...

Moves afoot to push more commercial investment into climate adaptation
Infrastructure

Moves afoot to push more commercial investment into climate adaptation

KPMG says the global insurance market has sat up and noticed NZ's vulnerability.

Antarctica NZ board renews CEO contract
Infrastructure

Antarctica NZ board renews CEO contract

The organisation has spent at least $1.3m resetting the Scott Base rebuild.

Oliver Lewis 27 Jun 2024