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International

Insured losses from floods reach $50 million

May 17, 2022 Reprints

Provisional data from New Zealand’s insurance council showed that insured loss claims from thunderstorms, flash floods and torrential rains in March reached $79.6 million New Zealand ($50 million), Info News reported. Insurers received more than 7,600 claims, including 1,310 commercial and 51 business interruption insurance claims.

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Insured losses from floods reach $50 million

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