The clean-up from Auckland’s devastating floods last week is just beginning but insurance companies will need to start thinking about what the record-breaking weather event will mean for future coverage.
Over 24 hours, 249mm of rain fell across the Auckland region – well above the previous record of 161.8mm. Around 5000 homes were damaged across 25 suburbs, with more than 100 properties declared uninhabitable in the aftermath of the storm.
