Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact with any questions.


New Zealand: Low risk of fatal earthquake

Comments Email Reprints

GNS Science is forecasting Auckland faces such a low earthquake risk that no quake-related deaths are likely within the next 100 years, only seven are due in the next 500 years and 15 over 1000 years.

GNS said a fault-line rupture causing a 6.7 to 7.2-magnitude earthquake occurs in the city only every 10,000 to 20,000 years

Radio New Zealand reported. The Auckland Council says the findings back its argument that the city shouldn't be bound by a nationwide code to strengthen buildings, as proposed by the Government.


Read more

More from BI