Over 10,000 New Zealand coastal homes may become uninsurable by 2050 due to climate change risks.

New Zealand homeowners face growing risks from climate change, with over 10,000 coastal properties potentially becoming uninsurable by 2050 due to erosion and flooding. The Helen Clark Foundation and WSP report warns that without intervention, insurance premiums will rise, and flood coverage may be withdrawn for high-risk properties. Recommendations include subsidies for those who can't afford insurance, standardized policies, and stopping development in flood-prone areas.

November 09, 2024
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