Changes to disaster insurance in 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"
Copyright (c) 1993 Editor
This work is licensed under a Creative Commons Attribution 4.0 International License.
