A NZ Herald article.
Thousands of seaside homes around New Zealand could face soaring insurance premiums – or even have some cover pulled altogether – within 15 years.
That’s the stark warning from a major new report assessing how insurers might be forced to confront the nation’s increasing exposure to rising seas – sparking pleas for urgent Government action.
Nationally, about 450,000 homes that currently sit within a kilometre of the coast are likely to be hit by a combination of sea level rise and more frequent and intense storms under climate change.
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