The Earthquake Commission (EQC) provides primary natural disaster insurance to the owners of residential properties in New Zealand. The Government-owned Crown entity at one point managed assets of $5.93 billion NZD, but its funds are now being drained by payouts for the 2010 and 2011 Christchurch earthquakes. In addition to its insurance role, EQC also undertakes research and provides training and information on disaster recovery.
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“Through the din and desultoriness of noon, even in the most Oriental city, is seen the fresh and primitive and savage nature, in which Scythians and Ethiopians and Indians dwell. What is echo, what are light and shade, day and night, ocean and stars, earthquake and eclipse, there? The works of man are everywhere swallowed up in the immensity of nature. The AEgean Sea is but Lake Huron still to the Indian.”
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