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Images, eqnz.chch.2010

Porritt Park was, before the earthquakes, the headquarters of hockey in this region. Two astro-turf fields (the main one was to the left of the building), and corporate offices etc. The earthquakes buckled all the playing surfaces and damaged the buildings; a couple of smaller ones have been removed. Hockey shifted the other side of the cit...

Images, eqnz.chch.2010

The permanent closure (to motor vehicles) of the Bexley red zone streets has started. This was once the main south-north route just west of the Avon River in the New Brighton area, till an expressway (ring road) was built about 80m to the west (right) about 12-13 years ago. Then it became just another suburban street, but now all the houses ...

Images, eqnz.chch.2010

The Forsyth Barr building has stood silent and empty (except the occasional intruder and pigeons) since the February 2011 earthquake. It was sold "as is" and I understand that it is now going to be fitted out as a hotel. This is the building that had severe stairwell damage during the quake necessitating people being lowered via ropes etc on t...

Images, eqnz.chch.2010

One of the most beautiful pieces of wall art (added to the blank walls after buildings were demolished following the earthquakes) in Christchurch, is now being hidden by a new building in front of it. www.flickr.com/photos/johnstewartnz/15499321681/in/...

Images, eqnz.chch.2010

Pigeons sit on the remains of one of the tallest buildings in Christchurch that was 95% demolished two or three years ago. The basement (now filled with water) and the columns remain. Demolished due to damage from the Christchurch 2011 earthquake.

Images, eqnz.chch.2010

20160419_7732_7D2-400 The City is in Rebuild phase (110/366) A totally different view to a few years ago. Most of the tall buildings have gone and construction is underway on a lot of new buildings, View from across the Estuary in Redcliffs. A couple of days ago the government agency controlling the post-earthquake work (CERA - Canterbury Ea...

Images, eqnz.chch.2010

20160703_144759_GT-S7275T-04 New sea wall at Redcliffs (185/366) I went for a drive in my second car mainly to charge the battery up and forgot to take my camera gear so only had my phone. This is the new rock wall to replace the severely damaged previous one (in the February 2011 earthquake). Work is still underway on the car parking and p...

Images, eqnz.chch.2010

AMI Stadium (Lancaster Park), not used since the February 2011 earthquake. It was used predominantly for rugby and cricket. We are still waiting to see what the outcome is for this stadium. Government want a new one closer to the CBD, so there is talk of this being demolished, while others want it repaired. The concrete pad lower left is ...

Images, eqnz.chch.2010

The South New Brighton jetty has been closed for 3 or 4 years (fenced off) then the fence was removed and it was "open", but nothing has happened to it since the earthquakes, but it is closed again now, although it looks like a home made sign!

Images, eqnz.chch.2010

The ticket office at Lancaster Park (AMI Stadium), not used since the February 2011 earthquake. Windows broken and door boarded up. We are still waiting to see what the outcome is for this stadium. Government want a new one closer to the CBD, so there is talk of this being demolished, while others want it repaired.

Images, eqnz.chch.2010

20161112_9961_7D2-70 The future face of Christchurch? Cultivate Christchurch is operating this urban farm in the city, about 5-10 minutes walk to Cathedral Square. Many of the buildings in this area were demolished after the earhquakes, and in the background is a new building on Kilmore Street.

Research papers, Victoria University of Wellington

We examine the role of business interruption insurance in business recovery following the Christchurch earthquake in 2011 in the short- and medium-term. In the short-term analysis, we ask whether insurance increases the likelihood of business survival in the aftermath of a disaster. We find only weak evidence that those firms that had incurred damage, but were covered by business interruption insurance, had higher likelihood of survival post-quake compared with those firms that did not have insurance. This absence of evidence may reflect the high degree of uncertainty in the months following the 2011 earthquake and the multiplicity of severe aftershocks. For the medium-term, our results show a more explicit role for insurance in the aftermath of a disaster. Firms with business interruption insurance have a higher probability of increasing productivity and improved performance following a catastrophe. Furthermore, our results show that those organisations that receive prompt and full payments of their claims have a better recovery, in terms of profitability and a subjective ‘”better off” measure’ than those that had protracted or inadequate claim payments (less than 80% of the claim paid within 2.5 years). Interestingly, the latter group does worse than those organisations that had damage but no insurance coverage. This analysis strongly indicates the importance not only of good insurance coverage, but of an insurance system that also delivers prompt claim payments. As a first paper attempting to empirically identify a causal effect of insurance on business recovery, we also emphasize some caveats to our analysis.