11 Jun 2019

What's behind Wellington's insurance price hike?

From Morning Report, 6:09 am on 11 June 2019

As insurance premiums rise sharply in Wellington, the mayor is setting up a taskforce to look at how the industry is functioning in the capital.

But an insurance expert says New Zealanders need to realise they've had cheap insurance for a long time, and that cannot continue.

Risk analyst Melissa Heath says New Zealand is now the second riskiest country in the world.

She told RNZ reporter Michael Cropp good insurance cover is essential.