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This study describes the application of multi-criteria decision analysis (MCDA) to prioritise the seismic risk mitigation of existing buildings in earthquake-prone Wellington, New Zealand. Through retrofitting or demolition, this is an important requirement in many cities around the Pacific Rim...
Persistent link: https://www.econbiz.de/10014079094
Climate change appears to be increasing the frequency and magnitude of extreme weather events, negatively affecting communities as well as posing long-term sustainability challenges to insurance (risk transfer) mechanisms. New Zealand’s public natural hazard insurer, the Earthquake Commission...
Persistent link: https://www.econbiz.de/10014103474
Natural hazard insurance is almost always provided through public-private partnerships. Given the dominant role of the public sector, it is surprising that equity issues have not faced more scrutiny with respect to the design of hazard insurance. We provide a detailed quantification of the...
Persistent link: https://www.econbiz.de/10012951694
We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury...
Persistent link: https://www.econbiz.de/10012915610
New Zealand introduced a seismic retrofitting policy in the wake of the catastrophic Canterbury earthquakes of 2010–11. The aim was to enforce seismic strengthening of earthquake-prone commercial buildings throughout the country. This study focuses on regional urban centres and the economic...
Persistent link: https://www.econbiz.de/10014030232
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