Insurers settling nearly $5 million of Canterbury claims each day

9:38 am on 17 September 2013

The Insurance Council says insurers have been paying out $4.7 million a day in Canterbury residential claims over the past month.

Chief executive Tim Grafton says insurers have injected $8.33 billion so far into the Canterbury recovery.

He says $5.41 billion of that has been used to settle commercial claims and nearly $3 billion for residential claims.

Mr Grafton says settlements for residential customers were running at about $3 million a day earlier this year, so the latest figures are an indicator the recovery programme is continuing to ramp up.