The storm was the fourth storm to hit New Zealand this year and could put the country on track for the most expensive year for weather-related insurance claims.
"Last year was the most expensive year on record for severe weather events with $243m in insured losses.
"This storm brings the total for this year to $173.1m and we are only in May and still have the late-April floods to calculate so it is not hard to imagine this year being another big one," Grafton said.
House and contents claims made up the biggest number and dollar value with 10,713 claims and $34.9m while there were 1810 commercial claims for $34.2m.
Marine claims cost $228,125 while motor claims added up to $2.2m.
The council also says the April storm was the fifth biggest this century.
With more extreme weather events the Insurance Council welcomed yesterday's recommendations from the Climate Change Adaptation Technical Working Group on adapting to climate change in New Zealand.
The working group called upon the Government to start on a national adaptation plan that would define what needs to be done first and who does what, along with a countrywide risk assessment to inform it.
It called for strong leadership on climate change, including a review of policy and legislation and factoring climate impacts into government and council procurement processes.
"Every dollar spent on adaptation now will be more than repaid in future savings," Grafton said.
"The longer we wait to adapt, the more it will cost us and if we fail to adapt altogether it will cost us the most."
Five biggest storms of this century
• 15-16 February 2004, Lower North Island Storms: $148.3m
• 3-7 April 2017, Cyclone Debbie: $91.5m
• 11-12 September 2013, Nationwide Storms: $77.1m
• 10-12 July 2007, Far North/Auckland:/Coromandel $72.7m
• 10-11 April 2018, Nationwide storms: $72.1m