Climate change threatens insurance on thousands of homes - report
2 Dec 2020
INSURANCE could be hard to get by mid-century on at least 10,000 homes vulnerable to flooding and storm surges, a new report shows.
In Wellington and Christchurch, houses with a one per cent probably today of coastal inundation are likely to face partial “insurance retreat” by 2030, with similar properties in Auckland and Dunedin just a few years behind them.
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Story copyright © Carbon News 2020
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