
New Zealand earthquake losses could reach $12 billion or more, because of the huge impact from indirect losses.Rescue workers are lowered by crane onto the top of the Christchurch Cathedral in Christchurch, New Zealand, Feb. 25, 2011 after the city was hit by a 6.3 earthquake Feb 22. As residents pick up the pieces, the stark economic toll of the New Zealand earthquake is coming into focus.
As New Zealand begins to pick up the pieces from Tuesday's huge earthquake in Christchurch, it's beginning...