Opinion: Earthquake claims

Earthquake risks were always thought to have one of the longest
"tails" in terms of insured loss development for a
natural catastrophe peril, but the Canterbury earthquake of 2011
has become synonymous with stretching this tail longer and longer.This week local insurer Tower reported further additional
reserves for its losses from the disaster, albeit relatively small
ones.Reinsurers have already recognised their maximum liability to
the carrier in regard to the largest of that year's quakes, in