Measuring the Impact of Insurance on Urban Recovery with Light

dc.contributor.author	Nguyen, Cuong
dc.date.accessioned	2018-09-13T19:35:20Z
dc.date.available	2018-09-13T19:35:20Z
dc.date.issued	2018	en
dc.description.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 Canterbury Earthquake Sequence (CES) 2010 -2011 as our case study. Uniquely for 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 effective than insurance-managed repairs in contributing to local recovery.	en
dc.identifier.uri	http://hdl.handle.net/10092/16002
dc.language.iso	en
dc.rights	CC-BY 4.0 International	en
dc.rights.uri	https://creativecommons.org/licenses/by/4.0/legalcode
dc.title	Measuring the Impact of Insurance on Urban Recovery with Light	en
dc.type	Conference Contributions - Other	en

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