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Multiplex operator gets $20 million insurance payout for quake damage

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U.S.-based multiplex operator Reading International Inc. has received $20 million in settlement for property and business interruption losses caused by the November 2016 Kaikoura earthquakes in New Zealand, Stuff.co.nz reported citing RNZ. The company said that its Courtenay Central complex in Wellington suffered torn movie screens, water and projector damage, and fallen ceiling tiles as a result of the quake. Reading has reached the insurance policy's payout limit of $25 million for the event.

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