Few parts of New Zealand can claim to be safe from threat, whether from earthquakes, floods or volcanic eruptions and, in many ways, it is not so much the source of the devastation which matters but the scale of it. Hurricanes Katrina and Rita generated around 600,000 insurance claims, making them the world’s costliest insurance event until the recent Japanese disaster. The Canterbury earthquakes also rank as world-scale disasters, with the number of claims received by EQC alone now topping 300