The Insurance Council of New Zealand (ICNZ) has recorded more than 40,000 claims for Cyclone Gabrielle totalling approximately $890 million, of which roughly $70 million has been paid.
Cyclone Gabrielle caused significant flooding and landslides across the North Island of New Zealand between February 9th and 14th.
The storm left 140,000 people across the island without power, and was described as the most significant weather event to hit New Zealand this century.
In fact, the impacts prompted the government to declare a national state of emergency for just the third time in history, and followed devastating floods in Auckland from January 27th to February 2nd.
