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Images, UC QuakeStudies

A photograph of buildings on Armagh Street, taken from the corner of Oxford Terrace. From the front, there is the Craig's Investment Partners House, the Victoria Apartments, and the Forsyth Barr building in the distance.

Images, UC QuakeStudies

A photograph of buildings on Armagh Street, taken from behind a cordon. From the front, there is the Provincial Chambers building, then Craig's Investment Partners House, the Victoria Apartments, and the Forsyth Barr building.

Images, UC QuakeStudies

A photograph of buildings on Armagh Street, taken from behind a cordon. From the front, there is the Provincial Chambers building, then Craig's Investment Partners House, the Victoria Apartments, and the Forsyth Barr building.

Research Papers, Lincoln University

Implementing seismic risk mitigation is a major challenge in many earthquake prone regions. The objective of this research is to investigate how property investment market practices can be used to enhance building owners’ decisions to improve seismic performance of earthquake prone buildings (EPBs). A case study method adopted, revealed the impacts of the property market stakeholders’ practices on seismic retrofit decisions. The findings from this research provide significant new insights on how property market-based incentives such as such as mandatory disclosure of seismic risks in all transactions in the property market, effective awareness seismic risk program and a unified earthquake safety assessment information system, can be used to enhance EPBs owners seismic retrofit decisions. These market-based incentives offer compelling reasons for the different property market stakeholders and the public at large to retain, care, invest, and act responsibly to rehabilitate EPBs. The findings suggest need for stakeholders involved in property investment and retrofit decisions to work together to foster seismic rehabilitation of EPBs.

Images, UC QuakeStudies

A photograph of buildings on Armagh Street, taken from behind a cordon. From the front, there is the Provincial Chambers building, the Craig's Investment Partners House, the Victoria Apartments, and the Forsyth Barr building. The PricewaterhouseCoopers building can also be seen to the left.

Audio, Radio New Zealand

Years after the earthquakes, Christchurch is still desperately short of theatre space. But now the city council's investment of 30-million dollars to help the Court Theatre replace its very successful temporary home in Addington, is being widely applauded.

Articles, UC QuakeStudies

A letter of recommendation for the Gap Filler Trust from Murray Lapworth, the Director of Hope Investment Properties Limited. Gap Filler built their Community Chess Board on Hope Investmment Properties Limited's empty lot at 456 Colombo Street.

Audio, Radio New Zealand

The Earthquake Recovery Minister's released what he says is a how-to strategy for the rebuild following the Canterbury earthquakes. Gerry Brownlee says the strategy for improving investment, innovation and job creation will extend beyond economic recovery and into education, culture and social recovery.

Images, UC QuakeStudies

A photograph of the south side of the building at 112 Manchester Street. A contemporary billboard for Fortis Construction reads, "Let's build our new city together - kia kaha". It partly obscures an old painted sign for Polson's Decorators and Signwriters, which reads "Protect your investment. Paint your property regularly - and save money".

Images, UC QuakeStudies

An old advertising sign exposed by the demolition of an adjoining building. The photographer comments, "'Protect your investment. Paint your property regularly - and save money. Polson's decorators and sign writers.' The building that was adjacent to this one was demolished after the Christchurch earthquake and revealed this fabulous old wall sign.

Research Papers, Lincoln University

Disasters are often followed by a large-scale stimulus supporting the economy through the built environment, which can last years. During this time, official economic indicators tend to suggest the economy is doing well, but as activity winds down, the sentiment can quickly change. In response to the damaging 2011 earthquakes in Canterbury, New Zealand, the regional economy outpaced national economic growth rates for several years during the rebuild. The repair work on the built environment created years of elevated building activity. However, after the peak of the rebuilding activity, as economic and employment growth retracts below national growth, we are left with the question of how the underlying economy performs during large scale stimulus activity in the built environment. This paper assesses the performance of the underlying economy by quantifying the usual, demand-driven level of building activity at this time. Applying an Input–Output approach and excluding the economic benefit gained from the investment stimulus reveals the performance of the underlying economy. The results reveal a strong growing underlying economy, and while convergence was expected as the stimulus slowed down, the results found that growth had already crossed over for some time. The results reveal that the investment stimulus provides an initial 1.5% to 2% growth buffer from the underlying economy before the growth rates cross over. This supports short-term economic recovery and enables the underlying economy to transition away from a significant rebuild stimulus. Once the growth crosses over, five years after the disaster, economic growth in the underlying economy remains buoyant even if official regional economic data suggest otherwise.

Research papers, University of Canterbury Library

This study analyses the Earthquake Commission’s (EQC) insurance claims database to investigate the influence of seismic intensity and property damage resulting from the Canterbury Earthquake Sequence (CES) on the repair costs and claim settlement duration for residential buildings. Firstly, the ratio of building repair cost to its replacement cost was expressed as a Building Loss Ratio (BLR), which was further extended to Regional Loss Ratio (RLR) for greater Christchurch by multiplying the average of all building loss ratios with the proportion of building stock that lodged an insurance claim. Secondly, the total time required to settle the claim and the time taken to complete each phase of the claim settlement process were obtained. Based on the database, the regional loss ratio for greater Christchurch for three events producing shakings of intensities 6, 7, and 8 on the modified Mercalli intensity scale were 0.013, 0.066, and 0.171, respectively. Furthermore, small (less than NZD15,000), medium (between NZD15,000 and NZD100,000), and large (more than NZD100,000) claims took 0.35-0.55, 1.95-2.45, and 3.35-3.85 years to settle regardless of the building’s construction period and earthquake intensities. The number of claims was also disaggregated by various building characteristics to evaluate their relative contribution to the damage and repair costs.

Research papers, University of Canterbury Library

Insurance is widely acknowledged as a key component in an organisation's disaster preparedness and resilience. But how effective is insurance in aiding business recovery following a major disaster? The aim of this research was to summarise the experiences of both the insurance industry and businesses dealing with commercial insurance claims following the 2010 and 2011 Canterbury earthquakes.

Research papers, Victoria University of Wellington

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.

Audio, Radio New Zealand

Cantabrians are still surrounded broken buildings and empty spaces on the 10th anniversary of the devastating 22 February 2011 Christchurch earthquake. The disaster forced 70 percent of the CBD to be demolished. The Government launched an ambitious recovery plan to help it recover in 2012. The Christchurch Central Recovery Plan, dubbed the "blueprint" would dictate the rebuild of the central city. To support it, the Government would complete a series of "anchor projects", to encourage investment in the city and make it a more attractive place to live in. As Anan Zaki reports, the anchor projects appeared to weigh down the progress of the rebuild.