The storm that lashed Canterbury, Otago and Southland with severe winds in October has resulted in the second-most claims for an event in rural insurer FMG’s 120-year history.

New Zealand’s largest rural insurer has already paid out $20 million, but expects that figure to rise to about $50 million.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

The storm that lashed Canterbury, Otago and Southland with severe winds in October has resulted in the second-most claims for an event in rural insurer FMG’s 120-year history.
New Zealand’s largest rural insurer has already paid out $20 million, but expects that figure to rise to about $50 million.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jamie Mackay: The Country host on FMG potentially paying out $50 million to South Island storm victims

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f8a8025d-96ed-4418-a816-b3e10071a5c6/transcript