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flag Climate change drives extreme weather, making 30% of New Zealand's properties at high risk unfinanceable.

flag In New Zealand, increasing extreme weather events due to climate change are making properties in high-risk areas uninsurable and potentially unfinanceable. flag Insurance premiums are rising, and the Reserve Bank of New Zealand is concerned about risks to bank assets, possibly leading to stricter lending policies. flag This could raise costs for homeowners with insurance or mortgages, affecting around 30% of New Zealand's territory at high risk of disasters like floods and fires.

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