The Insurance Council says insurers have paid out $7.23 billion as it settles Canterbury earthquake claims.
Chief executive Tim Grafton says almost $5 billion went to commercial claims and $2.36 billion wsa made in residential claims.
Mr Grafton says there have been settlements of more than $ 500 million in the past three months with residential claims making up more than $300 million of it.
He says figures show that residential claims settlements are running at more than $3 million a day on average.
About 3000 properties are still to be apportioned between EQC and insurers, he says.
These are properties where the damage is in excess of $80,000.
They include multi-unit dwellings, properties where EQC and insurers' estimates are being jointly reviewed to determine apportionment and unassessed damage claims close to the $100,000 cap.
