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.
Read more about Earthquake Commission: History, Who Pays, Claims, Claims Affecting Reinsurance Costs, See Also
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