New research has found climate change and the expected increase in extreme weather events will mean higher damages - and an additional liability for EQC.
8000 claims lodged to the EQC between 2000 and 2017 have formed the basis of a model which finds damages could increase between 7 - 8 per cent in the next 20 years, and between 9 - 25 per cent in 2080 - 2100.
Professor Ilhan Noy, chair in the economics of disasters at Victoria University Wellington is one of the authors and joins Kathryn along with CEO of the Insurance Council, Tim Grafton.