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Articles, UC QuakeStudies

The Canterbury earthquakes destroyed the Christchurch CBD and caused massive disruption to business across the region. There was an urgent need to support business survival and foster economic recovery. Recover Canterbury is a hub providing seamless support for businesses affected by the earthquakes, giving them easy access to government and commercial expertise in a one-stop shop.

Research papers, University of Canterbury Library

We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury Earthquake Sequence (CES) 2010 -2011 as our case study. Uniquely for this event, more than 95% of residential housing units were covered by insurance, but insurance payments were staggered over 5 years, enabling us to identify their local impact. We find that night-time luminosity can capture the process of recovery and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of economic recovery after the earthquake, but delayed payments were less affective and cash settlement of claims were more effective than insurance-managed repairs in contributing to local recovery.

Images, UC QuakeStudies

Detail of damage to a house in Richmond. The brick wall is badly cracked and twisted. The photographer comments, "These photos show our old house in River Rd and recovery work around Richmond and St Albans. More ruptured brickwork".