Insurance boss calls for collaboration between insurers, government, and councils
Roxanne Libatique May 10, 2024With many New Zealand homes at risk of flooding, there is a looming threat in insurance coverage
Need for enhanced consumer protection emphasised
Crown entity noted several light quakes that have led to over 18,000 reports
Insurers urged to work with governments, home buyers, and lenders
Economic losses plunge from a year ago
Current drought conditions recognised by government as medium-scale adverse events
Importance of insurance risk management highlighted
Impact of inflationary environment remains "very evident"
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Catch up on all the latest news including global protection gaps widening