Financial pressures may have led a New Zealand coal mining operation to overextend itself before an explosion killed 29 workers last year, an energy executive testified Monday at an inquiry into the country’s worst mine disaster in decades. The executive …
A powerful magnitude-7.6 earthquake rattled the remote Kermadec Islands in the Pacific Ocean, the U.S. Geological Survey reported. It triggered a small tsunami that had New Zealand bracing for high waves. The quake was felt as far away as Christchurch, …
A powerful earthquake struck New Zealand’s North Island on Tuesday but there are no immediate reports of casualties or damage and no tsunami warning was issued. The U.S. Geological Survey reported the earthquake had a magnitude of 5.3 and occurred …
New Zealand’s government said Thursday that it will offer to pay thousands of homeowners to leave areas of the country’s second-largest city that were hardest hit by recent earthquakes. Christchurch was struck by a magnitude-7.1 earthquake in September and a …
A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage and costly claims. “Although there has …
Big aftershocks are still shaking the earthquake-weary city of Christchurch, New Zealand, and raising fears of worse to come. A pair of aftershocks woke many residents about 6:30 a.m. Wednesday, with the larger measuring magnitude-5.0. A smaller cluster hit in …
Still recovering from two previous earthquakes that struck the region in September 2010 and February 2011, Christchurch, New Zealand was shaken by a series of strong tremors on June 13, according to catastrophe modeling firm AIR Worldwide. The United States …
Monday’s earthquake in Christchurch, New Zealand, likely caused an additional $3 billion to $5 billion in insured losses on top of the damage from two previous quakes, catastrophe modeling company Eqecat said Tuesday. The quake was the third major one …
The U.S. Geological Survey says a magnitude 6.1 earthquake has struck near a group of South Pacific islands. There are no reports of damage or risk of tsunami. A statement by the USGS says the quake struck Sunday 12 miles …
A tornado ripped across part of New Zealand’s largest city on Tuesday, upturning cars and sending debris slicing through the air, witnesses and news reports said. At least one person was killed and about 20 injured, a hospital official said. …