Two major insurers say it’s too soon to predict if a spate of bad weather events will push up premium prices in flood hit areas.
Insurance claims relating to natural disasters may already have exceeded $100 million so far this year after a raft of cyclones and major storms hit the country in March and April.
The cost of March’s Tasman Tempest storm alone was $42m while costs for Cyclone Debbie and Cyclone Cook which saw the town of Edgecumbe evacuated are expected to run into the tens-of-millions and combined exceed the March storm.
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Posted by Arnaldo Rodgers on 4:45 pm, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry