tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo close ad
tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, October 19th, 7:48PM

Insurance

rss
Latest Headlines

Flood claims cost almost $45 million

Insurance customers in the Canterbury region lodged 3,538 claims costing over $43.8 million in losses following the May 29 - June 1 floods according to provisional figures released by the Insurance Council of New Zealand (ICNZ).

Wednesday, July 21st 2021, 10:41AM

"The figures reflect the vast damage floods leave behind, and how important it is to have insurance to help you get back on your feet when the unexpected happens," says Tim Grafton, chief executive of ICNZ.

The provisional total includes 2,327 house and contents claims, 288 claims for motor, 842 commercial and business-related claims, and 77 crop and other claims (which can include claims for livestock).

Grafton says the floods were the start of what is proving to be a stormy winter for the country.

"We’ve said on many occasions that we can expect to see more frequent and disruptive weather events as the effects of climate change increase, and sadly we are starting to see that pattern emerge.

"We only have to cast our minds back to the weekend to the second significant weather event that has left devastating flood and damage behind in Westport and through the Buller District," he says.

Tags: claims Climate Change insurance Insurance Council NZ

« AIA Vitality partners with Countdown and New Balance$10k scholarship for insurance professionals opens »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Asteron launches promo to support local business
Asteron Life has launched a promotion to thank its new customers for signing up by giving them some money to put back into their local economies.

New Southern Cross CLT hospital finished by Christmas
A new independent hospital for the South Island's Central Lakes region is on track to be finished before the end of this year and be operational by the end of January.

Tower enlists AI partner to bust claims fraud
Tower has partnered with Dutch AI-based solution FRISS to automate and accelerate its claims process and help detect genuine and suspicious claims in real-time.

RBNZ holds back Solvency Standards
The Reserve Bank of New Zealand has postponed the implementation date of the interim Solvency Standard for insurers by a year.

News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com