Jamie Mackay: The Country host on FMG potentially paying out $50 million to South Island storm victims

The storm that lashed Canterbury, Otago and Southland with severe winds in October has resulted in the second-most claims for an event in rural insurer FMG’s 120-year history.

New Zealand’s largest rural insurer has already paid out $20 million, but expects that figure to rise to about $50 million.

The Country's Jamie Mackay explained further.

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