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https://theconversation.com/as-insurance-gets-harder-to-buy-nz-has-3-choices-for-disaster-recovery-and-we-keep-choosing-the-worst-one-255713>
"The number of climate change-related extreme weather events is on the rise,
making it harder for many people to buy affordable home insurance.
The industry has already signalled it is pulling out of some places in Aotearoa
New Zealand, leaving the government and homeowners to question what happens
next. This is not something that should be ignored, or met with ad-hoc,
unplanned responses.
Since insurance is required for residential mortgages, the retreat of insurance
companies will have significant consequences for property prices and local
economies.
With the retreat of insurance companies a future certainty in some communities,
the government must decide how to respond. In our new research), we developed
the “trilemma” framework, outlining the policy trade-offs governments face in
adapting to climate change."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
