Climate change and extreme weather events are driving up the price of house insurance
Climate change and extreme weather events are driving up the price of house insurance
27 August 2025
A Consumer NZ report says spikes in insurance are down to natural disasters - and New Zealand needs a framework for adapting to climate change.
The report finds costs have increased more than 900-percent since 2000.
Insurance Council Chief Executive Kris Faafoi says central government needs to act.
He says a lot of money has been spent responding to events, and they could do better by building in some protections.
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