Rising household insurance premiums - Ian Simpson
Audio, Radio New Zealand
The Christchurch earthquakes could prompt a further shake up of the insurance industry. Home owners are already being hit with premium increases of up to 30%.
The Christchurch earthquakes could prompt a further shake up of the insurance industry. Home owners are already being hit with premium increases of up to 30%.
A photograph of the corner of Manchester Street and Cashel Street. The site has been fenced off and there is building rubble on the ground. There is a coloured tape installation on the fence, and an image of Homer Simpson on the exposed wall of the second storey of the building.
A photograph of the corner of Manchester Street and Cashel Street. The site has been fenced off and there is building rubble on the ground. There is a coloured tape installation on the fence, and an image of Homer Simpson on the exposed wall of the second storey of the building.
Rapid assessment teams are being sent out across quake hit Canterbury with the Earthquake Commission promising that up to 180-thousand homes will be inspected within the next eight weeks.
It's just over three weeks since a magnitude seven-point-one earthquake struck Canterbury, damaging infrastructure and destroying homes and businesses and the Earthquake Commission has already received over 75-thousand claims.