Christchurch in New Zealand Faces Insurance Claims after Earthquakes

A first quake measured at 5.8 was monitored by US Geological survey follow closely by a second quake around the same magnitude.

Buildings were damaged power supplies cut off and the city airport was closed temporarily.

The last earth quake in New Zealand cost the country an estimated £9.9bn. The estimated costs of repairs and insurance claims for this latest quake is likely to be significant. Building insurance, business insurances and maybe public liability claims could all occur in the future. As big big pot holes have appeared in the road.