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Earthquake Commission
The Earthquake Commission (EQC) provides primary natural disaster insurance to the owners of residential properties in New Zealand. The Government-owned Crown entity at one point managed assets of $5.93 billion NZD, but its funds are now being drained by payouts for the 2010 and 2011 Christchurch earthquakes.〔(【引用サイトリンク】title=Earthquake Commission Annual Report 2009-2010 )〕 In addition to its insurance role, EQC also undertakes research and provides training and information on disaster recovery.
==History==
EQC was established in 1945 as the Earthquake and War Damage Commission, as part of the New Zealand Government, and was originally intended to provide coverage for earthquakes as well as war damage.
Coverage was eventually extended from solely earthquake and war damage to include other natural disasters such as natural landslips, volcanic eruptions, hydrothermal activity, and tsunamis with coverage for war damage later being removed. For residential land, storm and flood damage is covered. Cover extends over fire damage caused by any of these natural disasters.
The current chief executive,〔(【引用サイトリンク】url=http://www.eqc.govt.nz/about-eqc/people/executive-leadership-team )〕 Ian Simpson, commenced with EQC in February 2010. He replaced David Middleton who had headed the organisation for 17 years and went into retirement.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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