Source:Â Insurance Council of NZ The Insurance Council of New Zealandâs preliminary annual figure for severe weather events reinforces the support provided to insurance customers, with insurers paying in excess of $202 million- in insured loses over the last 12 months. Tim Grafton, Chief Executive of ICNZ, says insurers have been there when we needed them with approximately 12,000 claims paid to help their customers get back on their feet during the year. âThe uncertainty 2020 delivered was magnified by the number of flood and other severe weather events right across the country. On top of this we had the Åhau fires and face a continued heightened risk of fires this summer.â