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International

Insurers' storm bill to exceed $20 million

February 22, 2018 Reprints

Data from the Insurance Council of New Zealand showed that the storm which hit the country in January is likely to cost insurers more than $27 million New Zealand ($19.8 million), Voxy.co.nz reported. Insurers have received more than 3,600 claims, including 459 commercial claims worth NZD 8.5 million. "The storm caused heavy flooding and substantial damage to the Coromandel and Bay of Plenty regions," said Tim Grafton, chief executive of the council. The storm hit the country between Jan. 4 and Jan. 7.

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Insurers' storm bill to exceed $20 million

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