earthquake excesses

 

PHOTO: STUFF Christhchurch earthquakes changed the way the world saw New Zealand earthquake risk.

Earthquakes in Christchurch, Wellington and Kaikoura made insuring a house or commercial building more expensive, in some cases much more so.

Speaking at the Wellington Mayoral insurance Forum, called to discuss rising premiums in the earthquake-prone capital, insurance industry spokesman Tim Grafton raised the prospects of further changes, and price rises.

These threatened to reshape the insurance market, change where and how we build, and make it harder to sell some existing houses and commercial buildings.

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