Christchurch earthquakes

[gsxr]

OOOOPs

http://www.youtube.com/watch?v=M4PC-XF6XPw

[Paul in NZ]

Shit oh dear... Theres bugger all good going to come out of any of this I suppose.

As the man in the video said this is some of the worst quake damage seen anywhere ever so its easy to see why EQC came up short. I suppose the govt cant pay for everything to be as it was and lets face it - it just plain cant be can it? It wont be the same for anyone and we will all be paying for this for a looong time.. But I think their hearts in the right place and its a pretty good attempt.

[shrub]

I was at a meeting today with people including reps from CERA, GNS, EQC and the Council and we were told that the Feb quake was one of the most expensive events in insurance history and one of the top 5 most significant natural disasters in the last century and is on a par with Hurricane Katrina. The damage to the CBD is still being assessed and so far over 900 buildings will end up being demolished and the number may well end up over 1000.

It's kind of surreal.

I've taken on a contract that will have me working in what used to be the red zone in the CBD. It will be interesting and probably not very pleasant.

[dangerous]

the Feb quake was the most expensive single event in insurance history and one of the top 5 most significant natural disasters in the last century and is on a par with Hurricane Katrina. The damage to the CBD is still being assessed and so far over 900 buildings will end up being demolished and the number may well end up over 1000.

most expensive, top 5 most significant what.. in NZ, world or other?
and yes the CBD is well rooted, as is most of the east.

[shrub]

most expensive, top 5 most significant what.. in NZ, world or other?
and yes the CBD is well rooted, as is most of the east.

In the world

The recent Japanese one would be bigger but from what I understand most of the risk was absorbed by the Japanese government so the impact on insurance companies is not all that high and Haiti was not all that well insured.

[dangerous]

I was thinking the same, but it must be restricted to NZ when you consider events like the Kobe earthquake and the Haiti earthquake.

or the yank tornadios... but hey remembering shit aint cheap here and we are a small country compaired

[AllanB]

I am just agast that there is still a significant red zone in the CBD. Having been through it I am inclined to bring in the Americans and TNT the whole bloody lot.


Save it?

Save what?

Lots of old shitters that need 100% demo.

[dangerous]

I am just agast that there is still a significant red zone in the CBD. Having been through it I am inclined to bring in the Americans and TNT the whole bloody lot.


Save it?

Save what?

Lots of old shitters that need 100% demo.

and so do a lot of the new buildings... agree with the yanks aye, shit they could inplode the GC alone in 30secs.
But to be honest Id say 'they' need to get local malls and housing sorted over the CBD.

[onearmedbandit]

I was at a meeting today with people including reps from CERA, GNS, EQC and the Council and we were told that the Feb quake was the most expensive single event in insurance history and one of the top 5 most significant natural disasters in the last century and is on a par with Hurricane Katrina. The damage to the CBD is still being assessed and so far over 900 buildings will end up being demolished and the number may well end up over 1000.

It's kind of surreal.

Surreal, yeah most definitely.

or the yank tornadios... but hey remembering shit aint cheap here and we are a small country compaired

Yeah I deleted my post after rereading Shrubs post, missed the 'insurance history' part...

[AllanB]

But to be honest Id say 'they' need to get local malls and housing sorted over the CBD.

Yeah - I agree.

It will be interesting to see what the Govt do with all the houses etc they 'purchase'.

I suspect there may be a few tourched after people leave in disgust at what they reveived. Plus if my 'orange' turns 'red' in the future and they purchase the land I'll be out with the chainsaw if I can't sell the large trees etc as I'm F'ed if they are getting them for nix!

[FJRider]

Yeah - I agree.

It will be interesting to see what the Govt do with all the houses etc they 'purchase'.

I would say everything would be taken down to ground level ... green/forestry areas created ....

Everything above ground level ... will end up as landfill ...

[AllanB]

I would say everything would be taken down to ground level ... green/forestry areas created ....

Everything above ground level ... will end up as landfill ...

I hope so and I hope they do it quickly. Turn it to green areas and reserves.

[Spearfish]

Had the quake happened a bit later in the year the 2011 valuations would have been the payout so its lucky they are using the 2007.

Wait for the debate over the ones getting payouts who never had any insurance at all...

[Jantar]

...
Wait for the debate over the ones getting payouts who never had any insurance at all...

They aren't. The full compensation package is only for those who were insured.

[Shadows]

Why was EQC not set up to pay all costs in the event of an earthquake rather than a token gesture of $100,000 plus GST.

Because to cover every eventuality the levy up until now would have been far more than 6/10ths of fuck all and you and everybody else would have been complaining about that instead.

Kind of like ACC.