New Zealand Title
Earthquake Commission (EQC)
New Zealand Description
The Earthquake Commission (EQC) is New Zealand's primary provider of natural disaster insurance to residential property owners.
The Commission is a Crown Entity, wholly owned by the Government of New Zealand and controlled by a Board of Commissioners. Crown Entities are not Government departments or state-owned enterprises but nevertheless belong to the Government and are subject to public sector finance and reporting rules.
EQC administers the Natural Disaster Fund, comprising capital and reserves. The Government guarantees that this fund will meet all its obligations.
New Zealand News and Events
News and Events
For EQC, 2018-2019 has been described as an important year of reflection, as considerable information and lessons have been gathered on EQC’s response to the 2010-2011 Canterbury earthquake sequence. At the same time, work has continued to resolve the last claims from those events.
July 30, 2020. In late March, as the nation went into lockdown for COVID-19, local hazard education providers AF8 (Alpine Fault magnitude 8) and East Coast Life at the Boundary (East Coast LAB) had hoped to be on the road, informing local communities about the risk posed by two of Aotearoa’s most significant natural hazards, the Hikurangi subduction zone and Alpine Fault. But, as happened with so many parts of New Zealand life, the pandemic forced a change in approach and thinking.
July 21, 2020. As Northlanders start the tidy-up following the floods and severe weather experienced on Friday 17 and Saturday 18 July, ICNZ and EQC are urging people to contact their insurer as their first port of call to ensure the claims process is as easy and efficient as possible.
July 15, 2020. EQC-funded research at the University of Canterbury is trying to pinpoint where faults might set each other off, creating a major multi-fault earthquake, and to estimate what the maximum magnitude could be.
July 6, 2020. When an earthquake hits, it doesn’t just affect what’s on the surface, it also affects the ground it travels through – and that, says Victoria University of Wellington Professor of Geophysics Martha Savage, could be the key to understanding how earthquakes affect the ground and buildings on it.