Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

New Zealand: Natural disaster claims in 2013 highest in 10 years, says insurers

Reprints

Insurers said natural-disaster claims in 2013 were the highest in 10 years, with more than $175 million New Zealand ($143.8 million) paid out because of severe storms, Stuff.co.nz reported.

Meanwhile, insurers have settled claims of NZD 10.2 billion ($8.38 billion) in connection with the Christchurch earthquake.

Insurers are concerned about the number of claims the Earthquake Commission is moving on to the industry as they were found to have surpassed the EQC liability cap, says the Insurance Council of New Zealand.

Read more