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International

New Zealand insurers settle 87% of natural disaster claims

January 02, 2024 Reprints

The Insurance Council of New Zealand said that insurers have so far settled around 87% of the115,353 claims arising from the damage caused in Auckland floods and Cyclone Gabrielle in the first two months of 2023, Reinsurance News reported. Insurers have paid $2.7 billion New Zealand ($1.7 billion) out of NZD3.6 billion in these claims.

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New Zealand insurers settle 87% of natural disaster claims

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