New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to severe weather events, beginning a process of managed retreat in the face of climate change. Together with local councils, the …
The New Zealand government said on Sunday it was allocating NZ$1.1 billion ($720 million) to help communities recover from a cyclone and floods that lashed the country this year. The funds from the 2023 budget are to cover “basics” of …
Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to both average and median losses of the last 10 years, according to Aon’s Q1 Global Catastrophe Recap Report. However, potential …
The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Losses incurred so far in …
After last week’s damaging cyclone, New Zealand needs to rebuild with more resilient infrastructure to cope with more frequent and intense weather events, the prime minister said Tuesday. Prime Minister Chris Hipkins has described Cyclone Gabrielle, which caused widespread damage …
New Zealand faces big questions about where people should live and how to build infrastructure as the devastating aftermath of Cyclone Gabrielle highlights the impact of climate change, Finance Minister Grant Robertson said. The cyclone swept across the Upper North …
New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will continue to climb. Five people are now confirmed dead after the cyclone devastated large areas of the nation’s North Island, …
Four people are dead and there are concerns for others who are missing on New Zealand’s North Island as emergency services struggle to reach isolated communities in the aftermath of Cyclone Gabrielle. The dead include a young person caught in …
Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of the nation’s North Island. Some 225,000 homes are without electricity, at least 2,500 people have been evacuated and tens of …
Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South Pacific nation, bringing high winds and intense rainfall. Cyclone Gabrielle is tracking north-east of New Zealand and the center of …
