The insurance sector says it is busy pulling together information on areas at high risk of flooding which will be provided to the government's recovery taskforce this week.
Local and central government are being told to push pause on rebuild plans post cyclone and either upgrade out of date infrastructure or avoid rebuilding in at-risk areas altogether.
Shares in listed insurer Tower slumped 8.5 per cent on the NZX this morning following extensive flooding in and around Auckland.
Shortly after 10.30am Towe
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