New Zealand insurer expects quake claims to reach $30 million
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Conrad Wilkshire, chief operations officer of New Zealand-based Fmg Insurance Ltd., has said that the insurer expects to receive at least $40 million New Zealand ($29 million) worth of claims from the earthquake that stuck Nov. 14, Radio New Zealand reported. Fmg has received about 700 insurance claims from 500 businesses so far, Mr. Wilkshire said.
