18 Dec 2010

Quake estimates raised

7:02 am on 18 December 2010

Aspen Insurance says the Christchurch earthquake will cost it more than twice its original estimate.

The global reinsurance company now expects the quake to cost it $US53 million, up from $US20 million earlier.

It says the loss estimate is consistent with an industry loss of $NZ5.5 billion.