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Question: Hi, We have a client whose rental home suffered significant damage as a result of the Auckland floods. The tenants vacated the property immediately and the insurer/assessor arranged strip out of the property. Thi...
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Combined claims for the Auckland Anniversary Weekend flooding and Cyclone Gabrielle stood at 96,586 claims worth $2.47 billion as of early April, according to the Insurance Council of New Zealand. By April, insurers paid out over 3...
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The New Zealand government has approved an additional $25 million in relief funds for businesses impacted by Cyclone Gabrielle. In April, the New Zealand government approved an additional $50 million in short-term support for...
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New Zealand’s stormy summer resulted in five times more insurance claims than last year, according to AMI, State and NZI Insurance’s latest Wild Weather Tracker. The IAG brands received 41,596 weather-related claims...
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The Auckland floods and Cyclone Gabrielle caused between $9 billion and $14.5 billion of asset damage, according to Treasury estimates. According to official forecasts, residential property damage will range between $2 billion and...
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The summer’s extreme weather will have significant ramifications for the insu...
When asked about the magnitude 6.3 earthquake that rocked the central North Island on 15 February this year, the Prime Minister, Chris Hipkins, said that he was looking out the window for a plague of locusts. Hipkins’...Feature
Nearly half of Auckland residents do not have home insurance, according to a startling new study from global price comparison site Finder. In the wake of Auckland’s devastating summer floods, new research reveals that 45% of...
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The Insurance Council of New Zealand urged landlords to contact their insurers to assess rental cover and temporary accommodation benefits in the wake of Auckland’s floods. The severe flooding left many homes across the Super...
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AA Insurance expected the January storms to be the largest motor claims event in its history. As of February, with claims numbers expected to rise, AA had received more than 5300 claims in total. Around 2300 were home...
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Suncorp sent an additional team of claims specialists and assessors from its Australian insurance operations to New Zealand as communities in the North Island dealt with more severe weather, including heavy rain and gale-force winds,...
