Figures released by the Insurance Council show the year's two biggest weather events have cost insurers over $2 billion.
The twin disasters of the Auckland floods and Cyclone Gabrielle have generated $3.5 billion across 112,812 claims- according to a recent estimate.
Insurance Council spokesperson Christian Judge says progress is being made on settling the claims at a good pace, but there's still a ways to go.
"For all of those people that haven't had their claims settled yet, they want them settled. So it's a mixed picture. We've had big disasters in the past, and compared to those, we're doing better."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.