Thursday, October 7, 2010

Everybody in New Zealand Earthquake Can Rebuild on Same Land


Almost every Canterbury resident whose property was damaged in the earthquake will be able to rebuild on their land, Earthquake Relief Minister Gerry Brownlee says.

Brownlee shot down suggestions entire suburbs would be demolished and said land that could not be built on was limited to "pockets" in different areas, although he would not say where they were.

People who did not want to rebuild on their land even if it was deemed safe would have to make that decision themselves, he said.

As you can all see, I'm not putting a speck of intelligence into the NZ earthquake anymore.  Everybody there has total trust in their government agencies.  There was no political pressure here, and everybody can build on muck, er wonderful ground, again!


Harold Asmis said...

ps. Did you notice how every insurer on the planet is now bitching about NZ? I can hardly wait for the next Economist cover - New Zealand: The Insurers Next Iceland?

Anonymous said...

You're full of it. Re-insures from offshore have been happily taking NZs money for decades. Heck, they will have no problem covering the earthquake. Not to mention NZs ECQ covers most of the cost.

Harold Asmis said...

Ha, Ha. Just try to get insurance the next time! They are talking about all sorts of extra inspections, etc.

Harold Asmis said...

"Given the Earthquake Commission's reinsurance structure, with the first layer starting at NZD 1.5 billion ($1.4 billion), private market losses are likely to range between NZD 600 million ($400 million) and NZD 2.0 billion ($1.4 billion).