News | Christchurch
29 Apr 2024 19:10
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  •   Home > News > National > Christchurch

    IAG insurance payouts for the North Island floods and Cyclone Gabrielle exceed one billion dollars

    IAG insurance payouts for the North Island floods and Cyclone Gabrielle exceed one billion dollars - and sit only behind the Canterbury Earthquakes as the highest amount on record



    As we come up to the one year anniversary of the severe weather events, the insurer has revealed 96 percent of home claims and 99 percent of motor and contents claims have been settled.

    AMI, State and NZI chief executive Amanda Whiting says the effect these storms have had on our communities, is profound.

    She says they're proud of their teams for the work they've done in settling claims - but they know there's still a long road ahead for some homeowners who were affected.

    © 2024 Newstalk ZB, NZCity

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