18 Oct 2022

Weather-related insurance claims rising

From Morning Report, 8:27 am on 18 October 2022

Weather-related insurance claims - like severe weather events themselves - are on the rise.

An insurance industry Wild Weather Tracker reveals that 69 percent of New Zealanders are concerned about the impacts of climate change, but only 40 percent have taken action to prepare in the past six months.

Wild-weather-related insurance claims, particularly in areas that have experienced a lot of flooding in recent months, have jumped by more than a third since the same time last year.

IAG chief executive Amanda Whiting believes the government is being too slow in addressing the implications.

She spoke to Corin Dann.