New Zealand flood loss pegged at £850m: Perils

Ben NorrisMarch 17, 2023
Car on flooded road after cyclone Gabrielle, February 2023, Auckland, New Zealand
Credit: Shutterstock/Emagnetic

Insured losses from floods that struck New Zealand’s North Island earlier this year will reach NZD 1.65bn (£850m), according to Swiss cat data firm Perils.

This is the costliest weather event for the region’s insurance ind...

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Ben NorrisMarch 17, 2023
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