Natural disasters cause $30 million in insured losses in 2016

Posted On: Jan. 4, 2017 5:00 AM CST

Natural disasters in New Zealand cost insurers $41.7 million New Zealand ($29 million) in 2016, Stuff.co.nz reports. Data from the Insurance Council of New Zealand showed that there were more than 2,700 claims related to natural disasters in 2016. However, these claims do not include damage caused by the magnitude-7.8 Kaikoura quake and the floods that followed.