Kaikoura quake claims double
Insurance claims from the Kaikōura earthquake that struck New
Zealand last November have doubled to NZ$1.84bn ($1.33bn),
according to the Insurance Council of New Zealand (ICNZ).
These losses were for the period to the end of May, up from an
NZ$900mn estimate released in February.
The magnitude 7.8 tremor struck near Kaikoura, a town of 3,000
people on New Zealand's South Island.
However, the vast majority of the total loss, NZ$1.36bn
($980mn), has been attributed to commercial losses which
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