Insurance in the tourism sector after the Canterbury earthquakes

Insurance in the tourism sector after the Canterbury earthquakes

C. Orchiston, John Vargo, Erica Seville, 2013

Australian and New Zealand Institute of Insurance and Finance (ANZIIF), Vol. 35, Iss. No 4

Abstract

The Canterbury earthquakes caused huge amounts of damage to Christchurch and the surrounding area and presented a very challenging situation for both insurers and claimants. While tourism has suffered significant losses as a result, particularly due to the subsequent decrease in visitor numbers, the Canterbury region was very fortunate to have high levels of insurance coverage. This report, based on data gathered from tourism operators on the ground in Canterbury, looks at how this sector has been affected by the quakes, claims patterns, and the behaviour and perceptions of tourism operators about insurance.

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