Latest quake insurance settlement scoreHousing NZ Insurers are dealing with the long tail of earthquake claims but the majority have been settled. Insurance companies say they have settled claims on 94 per cent of residential and commercial claims made since the earthquakes. The Insurance Council said this represented $19 billion in total, with nearly $9b of the amount on residential claims. READ MORE* Earthquake High Court claims rise sharply* EQC writes off earthquake repair excesses* Tide of over-cap earthquake insurance claims bigger than thoughtAbout 87 per cent or 23,012 of over cap claims of more than $100,000 have been settled or resolved. Meanwhile, EQC is still dealing with 6900 remedial repairs and the number of disputed claims in the High Court has risen sharply.

Source: Stuff November 01, 2016 03:56 UTC