Small quakes, big impact : lessons learned from Christchurch

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      <subfield code="a">Could a small aftershock in a city not considered an earthquake hotspot trigger one of the largest insurance losses ever? Absolutely, because this is exactly what happened when a 6.3 magnitude earthquake hit Christchurch, New Zealand, on 22 February 2011. The massive  and unexpected  insurance costs exposed blind spots in current views of financial earthquake risk. And, in the aftermath of the event, both the claims and rebuilding process proved challenging. Given that a similar sized earthquake can occur virtually anywhere, it is vital that we learn from the Christchurch experience </subfield>
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