New Zealand’s NHC secures record NZ$12.3bn reinsurance programme
The Natural Hazards Commission Toka TÅ« Ake (NHC) has secured a record NZ$12.3 billion in reinsurance protection until 2026, a 20 per cent, or US$2.1 billion increase on last year’s NZ$10.3 billion plan. This insurance will provide New Zealand homeowners with substantial financial protection in the event of a major natural disaster. The National Health…