, New Zealand
Stock photo. Credits to Unsplash.

New Zealand August weather insurance losses breach more than $27m

Initial data revealed 3,165 claims filed.

New Zealand suffered $27.21m insurance losses from an extreme weather event in mid-August, the Insurance Council of New Zealand (ICNZ) said.

Initial data from the ICNZ revealed that general insurance claims reached 3,165. Of this, the Nelson Tasman District accounted for 1,248 private insurer claims with a provisional value of $12.27m and the rest of Aotearoa New Zealand (including Marlborough), 1,917 claims valued at $14.94m.

ALSO READ: Damaged or lost phones cost New Zealanders $7.58m a year

According to ICNZ Chief Executive, Tim Grafton said the final claims data would still be even higher.

The ICNZ also finalised the claims data from the mid-June floods which totaled 3,552 claims worth $11.53m

All of the data released today brings the running total for general insurance losses for extreme weather events in 2022 to $168.92m. The 2021 full year total was $183.65m.

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Income-Allianz failed merger shows popular opinion is king
The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.
Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.