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23 May 2013
New Zealand’s Earthquake Commission (EQC) has received about 270 claims from the magnitude-7 earthquake felt across the country last week.
The earthquake on Tuesday was centred off Taranaki province in the North Island. It was 230km deep and although it was widely felt its depth reduced the likelihood of severe damage.
Scientists say another quake in the North Island on Saturday, measuring 5.7, was unrelated and has not raised the likelihood of a major, more damaging event.
An EQC spokesman told insuranceNEWS.com.au most claims were below $NZ3250 ($2540).
The EQC covers up to $NZ20,000 ($15,600) of contents claims and amounts higher than that go to private insurers.
Meanwhile, the NZ Civil Defence Emergency Management Group has warned that a major earthquake in Wellington could cut the city off from the rest of the country for three months.
The group estimates there is a 10% probability of a major rupture of the Wellington Fault within the next 100 years, and says this would have a significant impact on essential services such as roads, water, gas and electricity.
The group says Wellington is “particularly susceptible to a major local earthquake” because of its hilly terrain and restricted corridors for infrastructure.
It could take 120 days for land access to be restored and 40 days until “survival” levels of water supply could be provided in the central city – and longer for the suburbs.
23 May 2013
We are a young online insurance firm looking to expand our team with an income protection and life insurance specialist.
15 May 2013
Do you have excellent customer service skills, experience in the administration field and have general insurance knowledge? Then we are looking for you!
8 May 2013
Extremely strong aggregating brand I Warm referrals I Manage existing relationships
6 May 2013
Full-time position I Great team environment I Bring your knowledge and skills to a company who values expertise
29 April 2013
An exciting opportunity exists to join Willis at the Sydney practice as an Account Manager, providing risk management and insurance advice to a broad range of insolvency practitioner clients.
23 April 2013
We are seeking a dynamic individual to lead a team of 170+ employees, delivering exceptional claims services to a range of customers nationally, while maintaining a focus on service standards, efficiency and effectiveness.