Ch.4: Understanding Social Recovery report
This chapter discusses CERA’...
Vero received 38,346 claims relating to the 2010 and 2011 Canterbury earthquakes, valued at around $5.4 billion. In 2015, the company released a report detailing its learnings from the earthquakes.
The report found that the more rapidly an insurance claim is paid, the more rapid the return to patterns of normal economic activity. While the tail of payments is expected to cease by 2021, the region’s GDP will remain permanently higher as a result of prompt insurance payments.
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