In the News: Otago Daily Times – Insurers Estimate Flood Bill Rising to $10m

by Nov 30, 1999Lord of the Rings (Movies)

Caught this one from Tolkien-movies about the damage all the floods in New Zealand did–I wonder how much LOTR was affected…

Insurers Estimate Flood Bill Rising to $10m

by Neal Wallace

Otago Daily Times – November 26, 1999

Insurers estimate last week’s Central Otago floods could cost them about $10
million.

Companies are receiving a steady flow of claims but it could be some time
before all insurance claims are lodged.

The Earthquake Commission is paying the first $100,000 on houses affected
by landslips, with companies expected to pick up the balance.

Insurance Council chief executive Chris Ryan said claims were coming from a
wide area, including Glenorchy, Queenstown, Wanaka, Alexandra, the length
of the Clutha River and from areas adjacent to the Mataura River from
Kingston to Mataura Island, near the southeast coast.

The Otago Regional Council yesterday allocated $620,000 to fund a clean-up
of Otago rivers damaged by the floods.

At yesterday’s service committee meeting, $400,000 was allocated to
reinstate the Cardrona River, near Wanaka, which the council considers a
priority.

The money comes from a $1.5 million emergency response fund and is an
initial allocation for remedial river works in the Queenstown Lakes and Central
Otago districts.

Once the river had been reinstated in its natural course, it would then be up to
roading authorities to repair the road.

Council chairwoman Louise Rosson said the council was pleased with the
performance of the Clutha River’s flood protection scheme, especially in the
lower reaches.

In the next few days the council will hold a debriefing to review all aspects of
the flood.

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