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25 February 2018

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Kaikoura claims totalled $1.4bn at end-October: ICNZ

Laura Board 6 November 2017

Insurance claims for last year's Kaikoura earthquake totalled more than NZ$2.0bn ($1.4bn) as of 31 October, with carriers on track to settle most of them by year-end, the Insurance Council of New Zealand (ICNZ) reported.

The claims comprise NZ$1.47bn of commercial claims and almost NZ$0.6bn of residential claims.

The numbers are little changed from those reported by the ICNZ in September. It said at the time the total value of insurance claims for the Kaikoura earthquake on 31 August exceeded...

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