The Earthquake Commission has revealed where the industry stands on the more than 38,000 lodged Kaikoura earthquake claims.
Currently, 62% of building claims have had their initial assessment completed with 35% settled by July 31, compared to 51% assessed and 28% settled by June 30.
Thus far, $39.1 million has been paid by the
EQC to insurers with a further $21 million paid by the
EQC to customers that it manages in land or property with open or unresolved claims for prior natural disaster damage.
“EQC and private insurers’ focus continues to be on the hardest hit communities within Marlborough, Kaikoura and Hurunui,” the EQC said in an update. “As a result our assessment and settlement progress in these regions has been greater.”
Of the more than 5,300 claims managed by EQC, 87% of customers’ building and land claims have undergone initial assessment with 66% settled by July 31.
“We continue to be on track for the majority of Kaikoura earthquake customers to receive their settlements by the end of 2017,” EQC continued.
The table below details progress made by EQC by July 31:
| Region |
Total number of building claims |
% of building claims with initial assessment completed |
% of building claims settled |
| Marlborough |
4,310 |
73% |
31% |
| Hurunui |
2,924 |
85% |
26% |
| Kaikoura |
2,217 |
92% |
45% |
Related stories:
Private insurers paid out $0.5 billion in Kaikoura quake claims
Where does NZ’s insurance industry stand after a glut of natural disasters?
