Scoop has an Ethical Paywall
Tasman Tempest insured costs upgraded to $62m
17 July 2017
Tasman Tempest insured costs upgraded to $62m
The storm that packed a month of rain into 24
hours has resulted in insured costs of $61.7m the Insurance
Council of New Zealand reported today.
The storm dubbed the Tasman Tempest hit Auckland and the Coromandel over 7 to 12 March 2017 with the township of Whangamata being hit the hardest.
Provisional data released in May had 7,035 claims costing $41.7 million and the final data has now upgraded claims to 7,774 and costs to $61.7 million.
“The weather bombs we’ve had in recent months highlights the importance insurance plays when disaster strikes. We would hope that uninsured renters are now taking steps to ensure their contents are protected to see them through these types of events. And for homeowners that they check their sum insured is enough to rebuild in the event of a total loss” said Insurance Council Chief Executive Tim Grafton.
| Upper North Island Flooding 7-12 March 2017 | # claims | $ M paid |
| Domestic | 6,449 | 37.03 |
| Commercial | 896 | 20.89 |
| Marine (including Land Transit) | 14 | .11 |
| Motor Vehicle | 354 | 3.12 |
| Crops | ||
| Other | 61 | .53 |
| Total | 7,774 | $61.68 |
The final costs for the March flood bring natural hazard events for 2017 to $174.7 million.
ENDS
Bill Bennett: Download Weekly - How would NZ telecoms cope with another cyclone
NZ On Air: Firm Audience Favourites Lead NZ On Air Non-Fiction Funding
Insurance and Financial Services Ombudsman: Woman Gets $40k More After Disputing Insurer’s Decision
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
