Extreme weather claims hit record high for 2021

An Insurance Business Magazine article

Total weather-related insurance claims for 2021 have already hit a record high at $304.9 million as of Dec. 22, according to the Insurance Council of New Zealand (ICNZ). This beats the previous record of $274 million, set in 2020.

Major weather-related claims events in 2021 included the Canterbury flooding ($46 million) in late May; the South Auckland tornado ($32 million) in June; flooding across the upper South Island and lower North Island, including Westport and Wellington (collectively $140 million) in July; flooding in Auckland ($62 million) in August; and the South Island windstorm ($20 million) in September.

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