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International

Weather-related damage payouts to increase by 9%-25%

March 06, 2020 Reprints

Ilan Noy, chairman in the Economics of Disasters at Victoria University of Wellington, has said that New Zealand's Earthquake Commission should expect to pay up to 25% more for future weather-related damage claims as climate change exacerbates storm activity, Asia Insurance Review reported.

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Weather-related damage payouts to increase by 9%-25%

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