New Zealand counts cost of Auckland floods, more rain forecast - BusinessWorld Online

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New Zealand counts cost of Auckland floods, more rain forecast - BusinessWorld Online
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Flood-ravaged Auckland is forecast to receive further heavy rain in the coming days, authorities in New Zealand’s largest city said on Monday, as insurers counted the costs of what looks likely to be the country’s most expensive weather event ever.

Building inspectors assess how homes and buildings have fared in recent floods. — Auckland Emergency Management/Facebook

Flights in and out of Auckland Airport are still experiencing delays and cancellations, beaches around the city of 1.6 million are closed and all Auckland schools will remain closed until Feb. 7. Fire and Emergency services received 30 callouts overnight Monday, including responding to a landslide when a carport slid down a hill.

The National Institute of Water and Atmospheric Research said Auckland has already recorded more than eight times its average January rainfall and 40% of its annual average rainfall.The cost of the clean up is expected to top the NZ$97 million bill for flooding on the West Coast in 2021 but will not be anywhere near as expensive as the estimated NZ$31 billion insured costs of two major earthquakes in Christchurch in 2010-2011, said Insurance Council of New Zealand spokesperson Christian Judge.

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