4 Apr 2024

Data shows cost of insuring a house jumped more than 30 percent

From Morning Report, 7:14 am on 4 April 2024

Treasury data shows the cost of insuring a house jumped by more than 30 percent in some parts of the country, in less than a year.

The data, released to RNZ under the Official Information Act, also reveals that while insurance is still widely available, some companies appear to have withdrawn online quotes for entire regions.

A disaster economics researcher says the data is a taste of what could come as the risk of climate change-driven natural hazards increases.

Kate Newton reports.