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International

Kaikoura quake world's most expensive insurance event in 2016

March 29, 2017 Reprints

The Insurance Council of New Zealand said that the November 2016 Kaikoura earthquake generated about 38,000 claims making it the world's most expensive insurance event last year, TVNZ.co.nz reported. Most high-volume low-value claims came from the cities of Wellington and Christchurch, while high-value low-volume claims were concentrated in the top half of the South Island, the council said.

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Kaikoura quake world's most expensive insurance event in 2016

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