Kaikoura earthquake: council reflects on progress made, two years on

Kaikoura earthquake: council reflects on progress made, two years on | Insurance Business

Kaikoura earthquake: council reflects on progress made, two years on

Nearly two years on from the tragic event, the Kaikoura District Council is reflecting on how much progress has been made since the 7.8 magnitude earthquake.

The council announced a number of events across Kaikōura this month, with some planned specifically to mark the anniversary, mark milestones or share information about the impact of the earthquake. Some of the planned events include an RSA remembrance service, a screening of Kaikōura: a big year documentary, community planting, picnic and a pontoon party.

“The last two years have changed Kaikōura,” the council said. “Over the coming years things will continue to change as land settles, people put down roots or move on and businesses make the most of our ‘new normal.’

“There’s a lot to do but for now, the council is proud to be a small part of marking the anniversary.”

As of July 22, 2018, the Earthquake Commission (EQC) had assessed 98% and settled 97% of the 38,758 residential claims arising from the November 14, 2016 Kaikōura earthquake. The insurer managed portfolio is 99% assessed and 98% settled.

EQC has paid out $515 million to insurers that manage EQC customers, and $38.9 million to customers it manages for land and/or properties with open or unresolved other claims for prior natural disaster damage.