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Data shows cost of insuring a house jumped more than 30 percent
Morning Report
English - April 03, 2024 18:14 - 3 minutes - 3.45 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Treasury data shows the cost of insuring a house jumped by more than 30 percent in some parts of the country, in less than a year.
The data, released to RNZ under the Official Information Act, also reveals that while insurance is still widely available, some companies appear to have withdrawn online quotes for entire regions.
A disaster economics researcher says the data is a taste of what could come as the risk of climate change-driven natural hazards increases.
Kate Newton reports.