Kaikoura earthquake could cost New Zealand's insurers NZ$5bn
New Zealand's powerful South Island earthquake on 14 November could cost the local insurance industry up to NZ$5bn (£2.8bn) but the sector has plenty of capital to cope according to the Reserve Bank of New Zealand.
Although RBNZ said it was too early to assess the full impact of the earthquake, it said upper estimates of the overall costs are NZ$9bn; initial estimates suggest the government is expected to pay
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