Kaikoura quake claims reach $1.4bn

New Zealand-based insurers have paid out more than NZ$522mn
($385mn) in claims related to the Kaikoura earthquake in November,
according to the Insurance Council of New Zealand.
This represents less than a third of the value of all claims
received related to the earthquake. As of 30 June claims totalled
NZ$1.88bn.
The value of commercial claims received stands at NZ$1.39bn, of
which over NZ$363mn of claims have been partially or fully settled.
Residential claims amount to nearly NZ$474mn, of whi