Some New Zealand homes are becoming uninsurable because of natural disasters – but all may not be lost

Wed, 11 Sep 2024 03:51:31 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/some-new-zealand-homes-are-becoming-uninsurable-because-of-natural-disasters-but-all-may-not-be-lost-235771>

"After a series of natural disasters – from the Canterbury earthquakes to
Cyclone Gabrielle – real doubt hangs over the insurance options available to
some New Zealand homeowners.

Increasingly, homes in certain areas are becoming uninsurable – or difficult to
insure, at least. Insurers have decided the risk is too high to make covering
it financially viable, leaving affected homeowners vulnerable.

The question of how insurers can continue to offer policies – all the while
managing the growing risk from natural disasters – is becoming hard to ignore.

Insurers will have to explore alternative models and innovate if New Zealand is
to adapt to future change."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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