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Author (up) Nguyen, C.N.; Noy, I. url  doi
  Title Measuring the impact of insurance on urban earthquake recovery using nightlights Type Journal Article
  Year 2019 Publication Journal of Economic Geography Abbreviated Journal  
  Volume in press Issue Pages lbz033  
  Keywords Remote Sensing; Earthquakes; New Zealand; Night lights  
  Abstract We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity, and focus on the role of insurance payments for damaged residential property in the recovery process. The destructive Canterbury Earthquake Sequence (2010–2011) in New Zealand is our case study. Uniquely, for this event, >95% of residential housing units were covered by insurance and almost all incurred some damage. However, insurance payments were staggered over 5 years, enabling us to identify their local impact on recovery. We find that night-time luminosity can capture the process of recovery; and that insurance payments contributed significantly to the process of local economic recovery after the earthquake. Cash settlement of claims was no more effective than insurance-managed repairs in generating local recovery. Notably, delayed payments were less affective in assisting recovery; this suggests an important role for the regulator in making sure insurance payments are made promptly after disaster events.  
  Address School of Economics and Finance, Victoria University of Wellington, Kelburn, Wellington, New Zealand; ilan.noy(at)  
  Corporate Author Thesis  
  Publisher Oxford Academic Place of Publication Editor  
  Language English Summary Language English Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 1468-2702 ISBN Medium  
  Area Expedition Conference  
  Notes Approved no  
  Call Number GFZ @ kyba @ Serial 2750  
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