Insurance and natural disasters : an examination of the New Zealand Earthquake and War Damage Commission.
Material type: TextSeries: Natural hazard research working paper ; 87Publication details: Boulder, Colo. : The Institute, 1994Description: iii, 24 pSubject(s): DDC classification:- 368.12200993 INS
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Bibliography: p. 23-24
In New Zealand, beginning in 1944 and continuing up to the present, a national compulsory program of earthquake insurance has operated. In 1949 the program was extended to cover extraordinary disaster storm and flood damage. Over the years coverage has been extended to include landslip, volcanic eruption, and hydro-thermal activity. This paper analyses New Zealand's disaster insurance program and its success in mitigating natural disasters
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