A report by the Helen Clark Foundation and WSP warns of a looming climate-driven insurance crisis in New Zealand, urging policymakers to act now to maintain affordable residential insurance, especially for flood-prone areas, and to establish a public insurance scheme to protect脆弱
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Yeah, that's a continuous process. So I think we said before, yes, we're moving to a more risk-based view of these sorts of perils. It depends on the type of building you're talking about. If you're talking about a windstorm or heavy rain, well, that can happen anywhere, right? So that's difficult to kind of pin that down to an individual property. But if you're talking about something like flooding, which obviously can come from that, then, yeah, we can be really quite specific about that. And then there's new perils that are becoming a bit more important to us, you know, like landslip and things like that. And again, they can happen in a whole variety of places and that's something that you'll see insurers focus on more and more over the coming years.
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raises equity concerns for low-income populations
\\ \\ 9 November 2024\\ \\ Press Release\\ \\ **New report warns of insurance crisis due to climate change; urges immediate action** \\ \\ A new report by the Helen Clark Foundation and engineering consultants WSP highlights a looming crisis for residential insurance in…\\ \\ H\\ \\ Helen Clark Foundationinsurers are targeting specific flood and landslide zones
Bryce Davies: AMI, State, and NZI Climate Spokesperson on weather based claims spiking 256%Social-media signal on the same topic, drawn from the social lens. Engagement is likes + 2×shares + 3×replies, the same weighting used across the digest cards. View on /social →
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