tag:blogger.com,1999:blog-2830084253401570472.post6572360070688490121..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: In search of Arrow-Debreu worldsEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2830084253401570472.post-17850285668279102382016-05-05T06:40:49.094+12:002016-05-05T06:40:49.094+12:00Good idea, though the risk might be rather higher ...Good idea, though the risk might be rather higher than you suggest. The Christchurch Feb 2011 quake was magnitude 6.3 and led to MM8 shaking. According to Geonet, the annual risk of a magnitude 7 quake or greater in the Wellington region is 1%: http://info.geonet.org.nz/display/quake/Cook+Strait+aftershocks+and+forecast+probabilities<br /><br />So depending on criteria, it may cost more like $10,000/year (plus profit margin) for $1M cover.Blogmasterhttps://www.blogger.com/profile/10340488033257852747noreply@blogger.com