Changes to disaster insurance in New Zealand

  • Editor NZSEE, Wellington, New Zealand

Abstract

This article is based on material supplied by EQC in its information kit detailing the background to and consequences of the Earthquake Act 1993. After discussing the need for a change in insuring for disasters, the new natural disaster insurance for residential properties - EQCover - is outlined. This is followed by an outline of the phase-out of EQC cover for disaster insurance for commercial and "Special Purpose" properties. The new structure for and role of the Earthquake Commission is also outlined.

References

The Earthquake Commission Act 1993

"A Review of Earthquake Insurance: Public Discussion Paper", New Zealand Government, 1988

"Public Discussion Paper on Earthquake Insurance", New Zealand Government, 1991

Eiby, Gordon, "Earthquakes in New Zealand"

Published
1993-12-31
How to Cite
Editor. (1993). Changes to disaster insurance in New Zealand. Bulletin of the New Zealand Society for Earthquake Engineering, 26(4), 437-444. https://doi.org/10.5459/bnzsee.26.4.437-444
Section
Articles

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