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The cost of weather-related disasters 1968 - 2006

These are the top 13 weather-related disasters in New Zealand from 1968 to 2006, based on costs to the insurance industry resulting from claims. Costs are adjusted to March 2004.

Map of New Zealand showing the cost of the top 13 weather-related disasters in the period 1968 to 2006. The highest cost to the economy was 1 billion for the 1997-98 drought in Canterbury.

 

Weather-based disaster Date Costs to the insurance industry resulting from claims
Thames / Coromandel / Paeroa floods 1 April 1981 $25.41m
Cyclone Bola 8 March 1988 $57.8m
Taieri / Otago / New Plymouth floods 5 June 1980 $34.24m
Lower North Island storm damage 15 & 16 February 2004 $112m
Wellington / Hutt Valley floods 30 June 1976 $44.14m
"Wahine" storm 10 April 1968 $46.32m
Canterbury snow storms June 2006 $42.5m
Canterbury storms 1 August 1975 $57.27m
Canterbury drought 1997-98 $1b*
North Otago / South Canterbury floods 13 March 1986 $37.72m
Queenstown Lake District floods 1 December 1999 $50.91m
Otago floods 16 October 1978 $54.65m
Invercargill / Southland floods 1 January 1984 $113.98m

* Cost estimate to the New Zealand economy by the Ministry of Agriculture and Forestry.

Source: Insurance Council, 2006