AIR predicts NZ quake losses of up to $8bn
AIR Worldwide has estimated that industry insured losses from the magnitude 6.1 earthquake that struck New Zealand’s South Island near Christchurch on 22 February (UK time) will be between NZD$5bn ($3.5bn USD) and NZD$11.5bn ($8bn USD).
The quake caused extensive damage in the city centre and was the second major quake to strike the city in six months.
Damage in this city of about 375 000 people is widespread, and aftershocks, of
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