10 Aug 2021

South Auckland tornado costliest on record - Insurers

From Morning Report, 8:47 am on 10 August 2021

The tornado which tore through South Auckland homes in June is the costliest on record, for insurance companies.

So far customers have been paid a total of $24 million in home and content losses.

With climate change playing havoc with the weather, and more storms and heavy rain expected, it could be a sign of what's to come.

Insurance Council of New Zealand chief executive Tim Grafton spoke to Susie Ferguson.