NZ government lifts earthquake coverage

New Zealand's Earthquake Commission (EQC) will expand its
cover for residential buildings damage by 50 percent under upcoming
reforms to the regime for the country's public disaster
insurance.
The changes will see the EQC take the first NZ$150,000
($109,231) of any residential buildings insurance claim due to a
natural disaster, up from a NZ$100,000 cap at present.
Any claims above this cap would be covered by the
homeowner's private market insurer.
However, the government scheme will drop its o