|   | 
Author (up) Nguyen, Cuong; Noy, Ilan
Title Measuring the Impact of Insurance on Urban Recovery with L ight : The 2011 New Zealand Earthquake Type Journal Article
Year 2018 Publication WORKING PAPERS IN ECONOMICS AND FINANCE Abbreviated Journal
Volume 2/2018 Issue Pages
Keywords Remote Sensing
Abstract 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 Christchurch earthquake of 2011 as our case study. In this event more than 95% of residential housing units were covered by insurance, but insurance payments were staggered over 5 years, enabling us to identify their local impact. We find that night-time luminosity can capture the process of recovery and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of economic recovery after the earthquake, but delayed payments were less affective and cash settlement of claims were more affective in contributing to local recovery than insurance-managed rebuilding.
Corporate Author Thesis
Publisher Place of Publication Editor
Language Summary Language Original Title
Series Editor Series Title Abbreviated Series Title
Series Volume Series Issue Edition
Area Expedition Conference
Notes Approved no
Call Number GFZ @ kyba @ Serial 1836
Permanent link to this record