Worst year since Wahine for natural-disaster damage
5 May 2008
Last year was one of the most costly on record for natural hazards, according to the annual review of natural hazards from the National Hazards Centre.
Insurance Council figures reported in the review show total disaster-related insurance payouts for 2007 are likely to exceed those for 2004, the year of the Manawatu floods. This would make 2007 the second most expensive year for insurance industry natural hazard payouts since 1968, the year of the Wahine storm.
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