Financial Times: When powerful earthquakes rocked New Zealand and Haiti in 2010, each measuring 7.0 magnitude, very different dramas unfolded: New Zealand, though hit hard, was able to start recovering relatively quickly; Haiti, meanwhile, was brought to its knees.
One major reason for the difference was the role insurance played in the two island nations recoveries. Whereas most of New Zealands earthquake-related damages were covered by insurance, very few of Haitis were.
The lack of insurance for emerging...