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EQC close to finalising storm claims

New Zealand’s Earthquake Commission has settled 84% of claims from storm events between January and last month.

It has received 1333 claims and has paid out more than $NZ17 million ($15.6 million) on 1120 resolved cases, with an average settlement time of 69 days.

The commission settled 98 of 101 claims received after the January storm centred on the Kaiaua-Thames region in the country’s northeast, with about $NZ1.19 million ($1.09 million) paid out.

There were 137 claims after Ex-Cyclone Fehi, with one case still outstanding after the commission paid out about $NZ920,626 ($846,053). About $NZ6.4 million ($5.9 million) has been paid to settle 271 of the 282 claims lodged after Ex-Cyclone Gita.