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New Zealand quake insured loss $2bn-$4.5bn
06 September 2010
Catastrophe modelling firm AIR Worldwide estimates that industry insured losses from the magnitude 7.0 earthquake that struck New Zealand's South Island near Christchurch on September 4 will be between NZD2.7bn and NZD6bn ($2bn and $4.5bn).
Catastrophe modelling firm AIR Worldwide estimates that industry insured losses from the magnitude 7.0 earthquake that struck New Zealand's South Island near Christchurch on September 4 will be between NZD2.7bn and NZD6bn ($2bn and $4.5bn).
The earthquake has caused widespread but moderate damage in Christchurch, which has a population of about 350,000. AIR warns that gale force winds, which...
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