New Zealand earthquakes News

Eqecat Defends Latest New Zealand Quake Loss Estimate

Catastrophe modeler Eqecat released a defense of its loss estimate of $3 billion to $5 billion for Monday’s Christchurch earthquake, saying its models suggested that would be the incremental damage to the city over and above February’s quake. Three senior …

Latest Christchurch Quake Caused Significant New Damage

Christchurch, New Zealand, still recovering from two previous earthquakes that struck in September 2010 and February 2011, was shaken by a series of strong tremors on Monday afternoon that caused significant new damage to already weakened buildings. According to New …

Latest New Zealand Quake Causes Up to $5 Billion in Damages: Eqecat

Monday’s earthquake in Christchurch, New Zealand, likely caused an additional $3 billion to $5 billion in insured losses on top of the damage from two previous quakes, catastrophe modeling company Eqecat said Tuesday. The quake was the third major one …

Insurers May Face $3.5-$8 Billion New Zealand Quake Hit

The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday’s devastating earthquake around Christchurch, New Zealand, catastrophe modeling firm Air Worldwide said. “The quake caused extensive damage in the city center and was the second …