"The Earthquake Commission has substantially increased its reinsurance cover for the 2012-13 year, trebling the amount it paid before the Canterbury earthquakes so it has potential cover for a "$7 billion" Wellington quake. "

[link to www.stuff.co.nz]




"Seismic research off the coast of New Zealand has identified another 200 fault lines that could cause catastrophic tsunamis if a significant earthquake struck.

A number of newly identified faults have now been added to the model, raising the total number of known fault lines by about 200 - to nearly 530.

Niwa said a particularly large fault found offshore near Canterbury had the potential to cause a significant tsunami.

The large fault was found in the bedrock under Pegasus Bay shortly after the February Christchurch quake when GNS Science and Niwa conducted a survey of 800 square kilometres."


[link to www.stuff.co.nz]