University of Canterbury settles earthquake insurance claim for $550 million

Mon, 15 Dec 2014

By Suze Metherell Dec. 15 (BusinessDesk) - The University of Canterbury can claim $550 million to cover the damage wrought by the series of earthquakes in 2010 and 2011 after reaching an agreement with its insurers. The university will receive an additional $247 million to claims already paid or agreed to be paid, taking its total claim to just over half a billion dollars under the Universities NZ collective insurance policy, which will be used to rebuild the campus, vice-chancellor Rod Carr said in a statement. The Canterbury earthquakes...

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