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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

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Insurance Briefs

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).

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ICNZ launches te reo Maori title
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