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Insured Losses of Easter Storm $46 Million

Insured Losses of Easter Storm $46 Million

The severe Easter storm that hit the West Coast particularly hard in April has led to provisional insured losses of almost $46 million, the Insurance Council of New Zealand reported today.

“This is the most damaging storm of the year so far. Most damage was to home and contents with over $25 million in losses followed by damage to commercial property at almost $16 million and motor vehicles ($2.7 million),” Insurance Council Chief Executive Tim Grafton said.

“This brings total storm damage in 2014 to $71 million,” he said.

Insured losses are not broken down by region.

ENDS

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