Hailstorm generates additional claim volume
A separate hailstorm event impacting Timaru and South Canterbury on Nov. 15 generated additional claim volume, with more than 1,000 claims filed. The weather event brought severe hail and heavy precipitation that caused extensive destruction across residential properties, motor vehicles, and landscaped areas. The ICNZ said it is still too early to estimate the total cost of the event, but it expects that the volume of insurance claims will rise as more property owners complete their initial assessments.