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New Zealand: Casino quake insurance skyrockets

6 January 2012

CHRISTCHURCH, New Zealand -- Recent earthquakes have sent insurance costs soaring in Christchurch and New Zealand, Fairfax News reported.

Costs in Canterbury, the site of the most recent earthquake, have risen a staggering 10,000 per cent, the report said.

Christchurch Casino's "quake excess" rose to $5million up from $50,000, Fairfax News reported.

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