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International

Cyclone triggers $560 million worth of claims in New Zealand

March 23, 2023 Reprints

The Insurance Council of New Zealand said that Cyclone Gabrielle, which hit the North Island on Feb. 12 and caused widespread damage across the region, triggered 40,000 insurance claims worth around $890 million New Zealand ($560 million), XM reported citing Reuters. Insurers have received claims worth NZD350 million from businesses.

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Cyclone triggers $560 million worth of claims in New Zealand

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