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Extreme weather cost insurers nearly $100 million

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Tim Grafton, chief executive of the Insurance Council of New Zealand, said that extreme weather related insurance losses amounted to $135.5 million New Zealand ($98.3 million) so far this year, Radio New Zealand reported. Cyclone Debbie, which hit the country between April 3 and 7, cost insurers NZD 66.4 million and cyclone Cook, which struck between April 13 and 16, cost NZD 18 million.

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