Milford Quakes Cost $2 Million

Insurance claims arising from the series of earthquakes near Milford Sound during October have reached a total just shy of $2 million according to data released by disaster insurer, EQC.

By November 8th, the Earthquake Commission (EQC) had received 573 claims totalling $1,824,185 for earthquake-related damage. Southland contributed 93 of the claims, and the wider Invercargill area 207.

On the 29th of October, EQC announced that it had set up an office in Invercargill in order to handle the claims generated by the earthquakes. Loss adjusters, estimators and claims administrators are being brought in from around New Zealand to ensure claims are settled as quickly as possible. The Earthquake Commission Act allows people up to three months to make a claim.

The series of earthquakes began with a magnitude 6.7 quake at 1:29 a.m. on the 16th of October 2007, followed by a magnitude 5.8 quake 6 minutes later. Activity had eased by October 25th, by which time there had been two 6th magnitude quakes, three 5th magnitude quakes and nine 4th magnitude events. The fourteen main events in the earthquake series were located between 40 and 60 km west of Milford Sound, at depths between 5 and 24 km.

[Compiled from data provided by the Geonet project and its sponsors EQC, GNS Science and FRST; and EQC media releases.]

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