Canterbury District Health Board has settled its earthquake-related insurance claim and will receive the full amount available under its policy of $320 million.

Bruce Matheson, CDHB chairman, said it was a relief to have the claim settled, which the Insurance Council said equalled the biggest payout in New Zealand history.

Two hundred buildings, including 14,000 out of 16,000 rooms in CDHB facilities, sustained damage during the Canterbury earthquakes.