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International

Insurers slow to pay Kaikoura quakes claims

July 21, 2017 Reprints

The Insurance Council of New Zealand said that less than 30% of the value of insurance claims related to the November 2016 Kaikoura earthquakes has been paid out so far, NZHerald.co.nz reported. Total private insurance claims for the quakes amounted to nearly $2 billion New Zealand ($1.5 billion), while NZD 522 million has been paid out so far.

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Insurers slow to pay Kaikoura quakes claims

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