World Insurance Report
Natural catastrophes
24.12, earthquake
New Zealand: a strong earthquake struck New Zealand, collapsing at least three older buildings in one coastal city on North
Island, sparking small fires and forcing authorities to declare a state of emergency there. Sixteen minor injuries were reported
in the port city of Gisborne, which was hit hardest by the quake and suffered the most property damage, although it was felt
all over the country. The magnitude-6.8 quakewas centered in the Hikurangi undersea trench off North Island, 25 miles below
the surface, and about 30 miles southeast of Gisborne, the GNS Science geological agency reported. The US Geological Survey
recorded the quake at magnitude 6.6. Police cordoned off a large part of Gisborne’s central business district until engineers
could inspect damaged buildings and ensure they were safe to enter. Power lines were down in some areas, and the quake had
left a huge hole in one of Gisborne’s main roads. The NZ Earthquake Commission’s estimates indicated NZ$23mn in damage was
incurred.