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The Hawke’s Bay Independent Flood Review has called on home, business and property owners, iwi/hapū, communities, business groups and regional infrastructure owners impacted by flooding from Cyclone Gabrielle to contribute i...
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Insurance industry loss estimates from Cyclone Gabrielle have surpassed the $2 billion mark according to data provider PERILS. Losses have hit $2.018 billion, according to the latest data from the research group, up from a previous...
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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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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,...
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Insurance Australia Group provided a market update as it dealt with the impact of late January’s floods across the North Island. IAG expects its first-half profit after tax to be A$468 million, while gross written premiums...
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As of February 9, Tower received 4810 claims relating to the floods that hit hit the upper North Island on Auckland Anniversary weekend. The NZX-listed insurer noted that 2660 of the claims were for home insurance, 740 were for...
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Tower reduced its forecast for annual profits and dividends following the North Island floods and Cyclone Gabrielle. The insurance company now expects net profit after tax of between $18 million to $23 million, down from a...
