Climate change affecting the price of insurance

It is possible many New Zealanders will not be able to get insurance in ten years time unless there is serious intervention, according to a new Consumer New Zealand report. It said the cost of house insurance had gone up more than 900% since 2000, and looked at how climate change is affecting the price and availability of house and contents insurance. Tower Insurance recently expanded its risk based pricing to include sea surges and landslips. Chief executive, Paul Johnston spoke to Lisa Owen.