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Auckland storm costly for insurers

Last updated 17:19 29/07/2014

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The violent storm that swept across Auckland in June has cost insurers $30 million so far, according to the Insurance Council.

The storm, occurring from June 9 to June 11, brought down trees, tore off roofs, and cut power to more than 80,000 people across the upper North Island.

It also caused flooding in surrounding areas such as the Coromandel.

The $30 million figure makes up nearly a third of the $107m made in total payouts this year due to severe weather events.

Insurance Council chief executive Tim Grafton said the overall total was slightly ahead of last year, where severe weather payouts had amounted to $103m by this point of the year.

Last year was the second costliest year for weather-related damage since 1968, and 2014 was shaping up to be another costly year, he said.

Insurers have paid out more than 6000 domestic claims from the destructive Auckland storm, totalling more than $18m. 

A further $9.5m has been paid out for commercial material damage claims, $1.1m for motor vehicle claims and $758,000 for marine-related claims.

Figures for the storm that ravaged the upper South Island on June 25 and the storm that caused severe flooding in Northland earlier this month are not yet available.

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