aftershock

Ever since the devastating M9.0 Tohoku earthquake and tsunami which struck northeastern Japan on the 11th March the area off the eastern coast of Honshu island has been plagued with regular and repeated large aftershocks. The latest of those struck in the last hour or so just off the east coast of Miyagi and Fukushima […]

Risk modeller EQECAT released the first insured loss estimate for the recent 13th June M6.0 earthquake in Christchurch, New Zealand on Tuesday. Their initial loss estimate was for damages of between $3 billion and $5 billion from this event. This seems reasonable given that the city has suffered so much damage and has so many […]

The latest earthquake which struck the Christchurch area of New Zealand on the 13th June has officially been classified as a new event for insurance purposes by the New Zealand Earthquake Commission (EQC). That means that insurers and reinsurers will be on the hook for claims above the coverage level that the EQC provides.

Yesterdays two earthquakes, which were technically aftershocks of the September M7 quake and February event which devastated much of Christchurch, New Zealand, have been upgraded by the USGS to a magnitude 5.2 and a magnitude 6.0. Risk modeller EQECAT has issued a CatWatch report on this event and they estimate that the two earthquakes could […]

A pair of aftershocks have struck the New Zealand city of Christchurch four months after it was hit by an earthquake which caused billion’s of dollars of damage. The pair of aftershocks struck an hour and twenty minutes apart causing buildings to shake, some damage and minor injuries.