1492558860161 - Insurance claims low after ex-Cyclone Cook

Insurance claims low after ex-Cyclone Cook

Insurance companies expected to be inundated by claims as ex-Cyclone Cook tore across New Zealand.

But “the worst storm since 1968” failed to live up to its billing over most of the country, veering away east, and missing Wellington and Auckland.

IAG spokeswoman Shelley Huang said: “We have received in excess of 200 claims for this event, with majority of these claims arriving on Tuesday”.

IAG owns the NZI and State Insurance brands.

Rival insurer Vero experienced a similar aftermath to the storm.

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Spokesman Tony Reid said claim numbers had been low.

By the end of Tuesday Vero had received 390 claims for ex-Cyclone Cook, with an estimated value of more than $800,000.”

As storm approached warnings from the Met Service and the New Zealand Transport Agency sent people in Auckland and Wellington racing home early on Thursday last week to secure their properties, and avoid being caught outside in high winds.

There were even fears Auckland’s Harbour Bridge would be closed, though in the event the two cities experienced only mildly breezy and wet weather.

Following so close on the heels of the floods caused by ex-Cyclone Debbie, homeowners braced for the impact from the remnants of Cyclone Cook.

Huang said: “There’s no doubt it’s been a tough few weeks for New Zealanders affected by cyclones Debbie and Cook.”

“At this stage it is too early to determine exactly what damage costs have been incurred.”

IAG’s assessors were working in Edgecumbe, which was flooded by ex-Cyclone Debbie.

Forecasts said Cyclone Cook would be the worst storm since 1968, when Cyclone Giselle sank the Wahine in Wellington Harbour.

Ex-Cyclone Cook made landfall in the Bay of Plenty, causing more damage to the already sodden area which was hit hard last week by ex-Cyclone Debbie.

Gusts of 209 kilometres per hour were recorded at White Island and 154kmh at Cape Kidnappers in Hawke’s Bay.

Waves six metres high pounded coastlines around the Bay of Plenty. More than 200mm of rain fell overnight in the region.

There were slips, floods, and downed trees and power lines. Flights were disrupted, residents evacuated, and states of emergency declared in some regions. 

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