Topics tagged with 'Insurance'
More in: Insurance
Insurers call for stronger direction on reducing natural hazard risk
Fri 8 Aug 2025
Media release | The Insurance Council of New Zealand | Te Kāhui Inihui o Aotearoa (ICNZ) is urging the Government to provide stronger national direction to better manage natural hazards risks like flooding and landslips and avoid developments in high-risk areas.
Insurers need to get ready for the next climate-fuelled disaster: FMA
Wed 6 Aug 2025
Insurers need to do more to improve their claims processes and services as climate-driven disasters increase in frequency and severity, according to the Financial Markets Authority.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
‘Significant gaps’ in proposed approach to climate adaptation
10 Jul 2025
A new report into climate adaptation doesn’t suggest how development in high-risk areas should be avoided - an issue that needs urgent action with thousands of homes still being built in hazardous areas, according to the Environmental Defence Society.
90% of NZers expect more extreme weather disasters because of climate change
23 Jun 2025
A new climate change poll from AMI, State, and NZI shows New Zealanders are expecting more extreme weather events as a result of climate change.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
Three-year flood map legal dispute ends in win for landowners
13 May 2025
By Alisha Evans, Local Democracy Reporter | Tauranga property owners have had a “significant win” after the council agreed to update flood maps, a developer says.
Commissioner calls on govt to better manage economic risks of climate change
12 May 2025
Climate change is creating an inevitable liability for the government which needs to be understood and managed, according to the Parliamentary Commissioner for the Environment.
Most Kiwis anxious over extreme weather events
9 May 2025
More than half of all New Zealanders are worried about storms, heavy rainfall and flooding as New Zealand faces continued wild weather events.
An insurance crisis compounded by climate change threatens the broader economy
5 May 2025
One expert speaking at a forum on insurance and housing says climate change could soon mark a “death spiral” for the financial industry in parts of the country.
New Plymouth consults on managing climate impacts
17 Apr 2025
With severe storms, coastline erosion, landslides, droughts and other extreme weather events on the rise over the past decade, New Plymouth District Council is looking at ways to manage the impacts of climate change.
Climate crisis on track to destroy capitalism, warns top insurer
7 Apr 2025
The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate.
Extreme weather could lead to financial disaster for ordinary New Zealanders
28 Mar 2025
A rise in extreme weather events due to climate change could result in financial disaster for many New Zealanders, according to a credit risk consultancy.
Insurers call for stronger direction on reducing natural hazard risk
Fri 8 Aug 2025
Media release | The Insurance Council of New Zealand | Te Kāhui Inihui o Aotearoa (ICNZ) is urging the Government to provide stronger national direction to better manage natural hazards risks like flooding and landslips and avoid developments in high-risk areas.
Media round-up
Fri 8 Aug 2025
In our round-up of climate coverage in local media: Former minister of forestry Stuart Nash condemns "lock and leave" carbon farming; Fonterra's convenient omission about its switch from coal; and KiwiRail’s bold electrification plans.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Why plane turbulence is becoming more frequent - and more severe
Wed 6 Aug 2025
As climate change shifts atmospheric conditions, experts warn that air travel could become bumpier: temperature changes and shifting wind patterns in the upper atmosphere are expected to increase the frequency and intensity of severe turbulence.
'Cali Fund’ for nature still empty as emails show industry hesitation
Fri 8 Aug 2025
A major fund for biodiversity remains starved of resources more than five months after its launch – with no money yet put forward by the large companies who could contribute.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Carbon prices slide as market awaits ETS decision
1 Aug 2025
By Liz Kivi | Volatility has returned to the secondary carbon market, with prices sliding again after plateauing in recent weeks, as the market waits for government decisions on Emissions Trading Scheme settings.
Trump moves to shut down NASA missions that measure carbon dioxide and plant health
Fri 8 Aug 2025
The Trump administration wants to end two NASA missions that monitor a potent greenhouse gas and plant health.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Gentailers to stockpile coal under new deal
Tue 5 Aug 2025
By Shannon Morris-Williams | An agreement between New Zealand’s four major electricity generators to establish a 10-year fuel reserve is being labelled a 'climate change stockpile', and could undermine momentum for renewable energy investment.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
What does 'drier' really mean in 'green' homes?
1 Aug 2025
Media release - Waipapa Taumata Rau, University of Auckland | Researchers say green-rating systems could improve clarity and effectiveness by explicitly defining ‘drier’ and using two measures of humidity.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
China updates green taxonomy to increase energy transition finance
Thu 7 Aug 2025
China has updated its green taxonomy as part of the country’s efforts to strengthen its net-zero transition ambitions and reduce fragmentation.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
Proposed hazards policy ‘bare bones’ – Upton
Fri 8 Aug 2025
By Shannon Morris-Williams | Parliamentary Commissioner for the Environment Simon Upton has backed the government’s proposed National Policy Statement for Natural Hazards, but warns it is only a start to what’s needed to manage escalating climate and disaster risks.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Tairāwhiti group warns forestry rollback will fuel future disasters
Thu 7 Aug 2025
By Shannon Morris-Williams | A sustainable land-use advocacy group has slammed government proposals they say will gut forestry protections and roll back hard-fought gains made in the wake of Cyclone Hale and Gabrielle.
Labour vows to reinstate oil and gas ban
Wed 6 Aug 2025
By Liz Kivi | The Labour Party is promising to reinstate a ban on new oil and gas exploration permits, but won’t say if they will go even further and commit to revoking permits if elected.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
NZ signs up to UK initiative to boost renewable energy in the Pacific
Fri 8 Aug 2025
New Zealand has joined the United Kingdom's TIDES initiative, which aims to support renewable energy developments in the Pacific Islands.
EU climate goals at risk as ailing forests absorb less CO2, scientists say
Tue 5 Aug 2025
Damage to European forests from increased logging, wildfires, drought and pests is reducing their ability to absorb carbon dioxide, putting European Union emissions targets at risk, scientists warn.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
First-of-a-kind US class-action lawsuit would force EPA to reinstate $3bn climate program
Thu 7 Aug 2025
Coalition of non-profits, tribes and local governments sued EPA chief for halting climate justice grants.
Fund for low emissions transport winds up
31 Jul 2025
New Zealand’s Low Emission Transport Fund has officially wrapped up, ending a nine-year programme that put hundreds of millions of dollars towards accelerating the country’s shift to cleaner transport.
Backlash over govt conservation changes
Mon 4 Aug 2025
By Shannon Morris-Williams | The government’s proposed changes to the Conservation Act are the most significant roll back in conservation protections in a generation, according to the Green Party.
Urgent action needed to get on track for climate goals - commission
25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
NZ's latest climate target 'weak' – Climate Action Tracker
24 Jun 2025
By Shannon Morris-Williams | New Zealand's new international climate target to 2035 is weak, and could even allow for higher emissions than the 2030 target, according to a global scientific project that tracks government climate action.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
NZ part of hidden global deep-sea network beneath the waves
25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
Divided nations start 'final' talks on UN plastics treaty
Wed 6 Aug 2025
The key divide is whether the new treaty includes a target to limit plastic production or just focuses on recycling and waste management.
A new report shows how local climate activism leads to ‘remarkable’ gains
Thu 7 Aug 2025
Efforts to pass laws and advance clean energy projects can significantly reduce emissions, and at a low cost.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
Stop saying 'the clean energy revolution is inevitable'
Fri 8 Aug 2025
OPINION: The phrase has been everywhere since Trump’s re-election.
Warmer end to winter but dry spell expected over southern lakes
Tue 5 Aug 2025
As hydro lake levels hover just below average levels, climate forecasts indicate that warmer than usual weather conditions will reduce demand, but there will likely be less rain over the southern hydro lakes as New Zealand moves towards spring and summer.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
EV sales fall, but it’s complicated
29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
Barclays exits net zero banking alliance
Tue 5 Aug 2025
Barclays will exit the Net-Zero Banking Alliance, marking the second UK-based bank to withdraw from the UN-backed coalition dedicated to advancing global net zero goals through their financing activities, after the departure last month of HSBC.
'Yet another rate': Franz Josef ratepayers balk at $2.8m stopbank extension
Mon 4 Aug 2025
By Lois Williams, Local Democracy Reporter | Franz Josef ratepayers have given the thumbs down to plans for a $2.8 million stopbank extension to protect the town’s sewerage plant from the Waiho River.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
