Cyclone Damage

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Navigating crises with confidence

Key elements leaders must consider in crisis management

Gallagher Bassett New Zealand reflected on the significance of crisis readiness on the first anniversary of the devastating Cyclone Gabrielle. Chief executive Craig Furness said building knowledge within organisations was a key les...

FSCL Case Study

Underinsured when a cyclone struck

In 2012 Henry* bought his first house and asked an insurance broker to arrange house insurance. The broker corresponded with Henry using his work email address, but the email address on the insurance application form was different. Th...

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Hawke’s Bay Independent Flood Review calls for ...

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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Cyclone Gabrielle insured losses pass $2 billion

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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One-third of summer weather claims settled by A...

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...

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NZ government delivers extra $25 million to cyc...

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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Summer of storms causes 402% spike in insurance...

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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Summer weather damage bill more than $9 billion...

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 boosts support ahead of ex-Cyclone Gabr...

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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IAG Group provides update amid North Island floods

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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