Over NZ$1bn in claims expected for Auckland anniversary weekend flood event
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Over NZ$1bn in claims expected for Auckland anniversary weekend flood event

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Insurers expect to pay more than NZ$1bn ($621.5mn) in insurance claims for the Auckland Anniversary Weekend flood event, according to provisional data released by the Insurance Council of New Zealand (ICNZ).

In total, around 48,000 claims have been lodged for the event to date.

ICNZ chief executive Tim Grafton said: “While it is still early days, around $111mn of insurance support has already been paid into communities as part of what...

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