A photograph captioned by BeckerFraserPhotos, "Business recovery activity at Donnell's Jewellers on High Street".
An entry from Deb Robertson's blog for 20 March 2013 entitled, "Road works, Road cones and a Triangle Quilt".
We examine the role of business interruption (BI) insurance in business recovery following the Christchurch earthquake in 2011. First, we ask whether BI insurance increases the likelihood of business survival in the immediate (3-6 months) aftermath of a disaster. We find positive but statistically insignificant evidence that those firms that had incurred damage, but were covered by BI insurance, had higher likelihood of survival post-quake compared with those firms that did not have any insurance. For the medium-term (2-3 years) survival of firms, our results show a more explicit role for insurance. Firms with BI insurance experience increased productivity and improved performance following a catastrophe. Furthermore, we find that those organisations that receive prompt and full payments of their claims have a better recovery than those that had protracted or inadequate claims payments, but this difference between the two groups is not statistically significant. We find no statistically significant evidence that the latter group (inadequate payment) did any better than those organisations that had damage but no insurance coverage. In general, our analysis indicates the importance not only of adequate insurance coverage, but also of an insurance system that delivers prompt claim payments. This is a post-peer-review, pre-copyedit version of an article published in 'The Geneva Papers on Risk and Insurance - Issues and Practice'. The final authenticated version is available online at: https://doi.org/10.1057/s41288-017-0067-y. The following terms of use apply: https://www.springer.com/gp/open-access/publication-policies/aam-terms-of-use.
Photograph captioned by BeckerFraserPhotos, "A new furniture shop in a container in Sumner".
Photograph captioned by BeckerFraserPhotos, "A new furniture shop in a container in Sumner".
An entry from Deb Robertson's blog for 1 June 2012 entitled, "The Annual Sister-In-Law Quilt....".
Photograph captioned by BeckerFraserPhotos, "The Datasouth Business Solutions Limited office and car park in Burnside".
A document which outlines several of Downer's safety initiatives, developed when working in the Central Business District.
Photograph captioned by BeckerFraserPhotos, "The Datasouth Business Solutions Limited office and car park in Burnside".
A photograph of USAR codes spray-painted on the front doors of several businesses on Armagh Street.
We aim to investigate the role of insurance in business recovery following the devastating Christchurch earthquake in February, 22nd, 2011. We analyze data from two business surveys conducted after the earthquake to examine how insurance affected business operation in the aftermath of the earthquake both in the short-term and longer-term. For the short-term analysis, we use a combination of propensity score matching (PSM) and linear probability model (LPM) to analyze the data. We first estimate the propensity scores for insurance take-up of each firm conditional on the firm’s individual characteristics. Stratification based on the estimated propensity scores is used to match the treated (insured) and the control (uninsured) firms. We then estimate the probability of firms’ continuing operations with a set of control variables to account for the level of damage and disruption caused by the quake in each stratum. We find little evidence of any beneficial effect of insurance coverage on business continuity in the short-run. For the longer-term analysis, we analyze the available survey data using logistic regression. The result suggests that business interruption insurance significantly promotes increased level of long-term productivity for surviving firms following the earthquake.
Photograph captioned by BeckerFraserPhotos, "147 Hereford Street".
A photograph captioned by BeckerFraserPhotos, "A sign outside the Christchurch Casino reads, 'We are open'".
Photograph captioned by BeckerFraserPhotos, "Ferry Road".
A view across New Regent Street to several businesses. One of the building's verandahs has been propped up with steel bracing.
A story submitted by Sue Hamer to the QuakeStories website.
A photograph of signs on a business indicating it is still open. The photograph is captioned by Paul Corliss, "Maces Road, Bromley".
A yellow sticker on the fence of a property in Armagh Street restricting entry for emergency purposes, damage assessments, and essential business.
Photograph captioned by BeckerFraserPhotos, "149-151 Hereford Street".
A photograph of signs on a cordon fence advising customers of the status of businesses. The photograph is captioned by Paul Corliss, "Ferry Road".
Photograph captioned by BeckerFraserPhotos, "A team working on removing business materials from Te Waipounamu House, resting in the shade on Hereford Street".
A sign in the window of a business reads, "We were so moved by the earthquake. Come see us at 6d Washington Way.
A story submitted by Elizabeth to the QuakeStories website.
Photograph captioned by BeckerFraserPhotos, "The customer area outside the temporary Sumner Wine Shop".
A photograph captioned by BeckerFraserPhotos, "A range of innovative solutions are being used to keep businesses operating at the Colombo Street, Edgeware Road shops".
A photograph captioned by BeckerFraserPhotos, "A range of innovative solutions are being used to keep businesses operating at the Colombo Street, Edgeware Road shops".
A photograph captioned by BeckerFraserPhotos, "A range of innovative solutions are being used to keep businesses operating at the Colombo Street, Edgeware Road shops".
A photograph captioned by BeckerFraserPhotos, "These bins are used for the secure recovery of business documents. Here it's the Clarendon Tower which is being cleared".
A photograph captioned by BeckerFraserPhotos, "Gap Filler Chess set on Colombo Street, Sydenham".
A photograph captioned by BeckerFraserPhotos, "Gap Filler Chess set on Colombo Street, Sydenham".