Comment on Cost of deadly New Zealand earthquakes now likely to top $17 billion

Cost of deadly New Zealand earthquakes now likely to top $17 billion

WELLINGTON, New Zealand — The cost of the deadly sequence of earthquakes in the New Zealand city of Christchurch has gone up, and will now likely top $17 billion. New Zealand’s government on Tuesday more than doubled its initial liability estimate of $2.6 billion to $6 billion. The rest of the cost will be borne by private insurers.

 

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