News | Environment
24 Feb 2018 13:28
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Environment

    Nearly all Kaikoura quake claims settled

    Kaikoura earthquake payouts are progressing better than expected with 88 per cent of residential claims fully or partially settled, the Insurance Council says.



    Kaikoura earthquake payouts are progressing better than expected with 88 per cent of residential claims fully or partially settled, the Insurance Council says.

    The settlement rate by the end of 2017 exceeded the council's earlier goal of clearing 70 per cent of residential claims by year's end.

    "Thousands of people (have had) their claims assessed and settled much faster than we saw post-Canterbury earthquake," council chief executive Tim Grafton said.

    He said settlements had been faster because insurers acted as agents for the Earthquake Commission and managed most residential building and content claims.

    It was a model that should be rolled out for any future natural disasters, he said.

    Total insured losses from the Kaikoura earthquake have now reached $2.14 billion, of which $631 million is from domestic claims.


    NZN




    © 2018 NZN, NZCity


     Other Environment News
     24 Feb: Heavy rain, 130km/h gusts for South Island
     24 Feb: Hopes drones and GPS can save sea lions
     23 Feb: Limited re-opening of Takaka Hill Sunday
     23 Feb: EQC chairman quits as govt steps in
     23 Feb: NZ summer set to be hottest on record
     22 Feb: Category six cyclone rating needed as storms get bigger, New Zealand Climate Minister says
     21 Feb: Gita hits New Plymouth's water supplies
     Top Stories

    RUGBY RUGBY
    All Blacks camps dates, venues unveiled More...


    BUSINESS BUSINESS
    NZ banking on ODI form against England More...



     Today's News

    Accident and Emergency:
    Person trapped after car flips in Waikato 13:25

    International:
    Starbucks bombing victim surprises Indonesian judges by hugging his alleged attacker 13:15

    Business:
    NZ banking on ODI form against England 13:15

    International:
    Indonesian maid's death in Malaysia exposes 'brutal' human trafficking of migrant workers 13:05

    Entertainment:
    Kathy Griffin has been denied a restraining order against her neighbor 13:05

    Entertainment:
    Natalie Portman is "flattered" that people think Millie Bobby Brown looks like her 12:35

    Lower South Island:
    Dakin snares third NZ track cycling title 12:25

    Living & Travel:
    India's air pollution crisis risks becoming humanitarian catastrophe 12:15

    Entertainment:
    Sean Kingston has been ordered to pay a jeweller $301,500 12:05

    Sports:
    King cruises through Chicago squash opener 11:55


     News Search






    Power Search


    © 2018 New Zealand City Ltd