4 Mar 2020

What will more rain do to EQC liabilities?

From Nine To Noon, 9:09 am on 4 March 2020

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.

Tornado Incoming From Sea Hurricane In Ocean Huge Waves On Houses On Coast Tropical Natural Disaster Concept Flat Vector Illustration

Photo: 123RF

Get the RNZ app

for easy access to all your favourite programmes

Subscribe to Nine To Noon

Podcast (MP3) Oggcast (Vorbis)