EQC - Features

Publications

$62.45 million paid out on claims
Cost of claims greatest since transition from Earthquake and War Damage Commission to Earthquake Commission in 1994
6,744 claims handled
Natural Disaster Fund grew by $230 million to $4.73 billion
EQC moved to full funding arrangement for GeoNet project, at a cost of $75 million over 10 years
Full-time research manager appointed to oversee EQC's research initiatives including its interest in GeoNet
Earthquake and storm events provided real-world tests for EQC's Catastrophe Response Programme
Television advertising for new public awareness campaign focusing on earthquake risk and mitigation commenced
150th anniversary of the magnitude 8.2 earthquake on the Wairarapa Fault, an event that these days would likely generate 240,000 claims at a cost of $9 billion