An earthquake catastrophe damage assessment model with particular reference to central New Zealand
This paper discusses an assessment of the total earthquake damage that could be expected to occur in central New Zealand in two large specific events. Damage was defined as a percentage of replacement value of any property in the affected areaf being in fact the properties insured by the New Zealand South British Insurance Group. A definition of an insurance catastrophe event was proposed, and two levels of risk were examined, namely annual risks of 1 in 1000 and 1 in 9000. Significant total damage levels were formed and major uncertainties in all factors in the risk analysis are discussed.
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Copyright (c) 1983 David J. Dowrick
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