Latest / The Kākā by Bernard Hickey
What insurance retreat means for home-owners
In recent weeks we’ve seen AA Insurance publicly acknowledge it has stopped writing new home insurance policies in Westport, Woodend in North Canterbury and in Blenheim to avoid taking on more flood and quake risk in those towns.
The NZ Herald’s Front Page Editor Chelsea Daniels asked me to come on to her show to talk about what insurance retreat means for homeowners and why home buyers need to do their own research about flood risk and insurance risk, in the absence of a managed retreat organized and underwritten by central and local Government.
“A mass delusion is not a solution.”
We talked…
The skinny
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