New Zealand plans to introduce legislation before the end of the year that will create a framework to help communities...
New Zealand floods News
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may...
Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a...
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to...
The New Zealand government said on Sunday it was allocating NZ$1.1 billion ($720 million) to help communities recover from a...
Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1...
Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to...
The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion...