climate adaptation
Simon Upton, Parliamentary Commissioner for the Environment, tells banking inquiry its ‘entirely appropriate’ for banks and insurers to consider climate risks in order to ensure the sustainability of profits over time
1st Apr 25, 9:23am
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Simon Upton, Parliamentary Commissioner for the Environment, tells banking inquiry its ‘entirely appropriate’ for banks and insurers to consider climate risks in order to ensure the sustainability of profits over time
Tower Insurance warns New Zealand needs to clarify climate adaptation funding to avoid California-style insurance crisis amid rising natural disaster risks
11th Feb 25, 2:57pm
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Tower Insurance warns New Zealand needs to clarify climate adaptation funding to avoid California-style insurance crisis amid rising natural disaster risks
Natural hazards abound in New Zealand and insurance premium costs are rising, so would a broader range of insurance products be useful?
13th Dec 24, 5:00am
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Natural hazards abound in New Zealand and insurance premium costs are rising, so would a broader range of insurance products be useful?
Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
11th Nov 24, 3:47pm
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Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
New Auditor General report says councils need to have clear strategies for tackling climate change
5th Nov 24, 4:18pm
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New Auditor General report says councils need to have clear strategies for tackling climate change
Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
15th Oct 24, 5:00am
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Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
1st Oct 24, 4:41pm
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In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
[updated]
In its climate inquiry findings report, the Finance and Expenditure Committee says there needs to be clear mandates for climate adaptation funding and responsibilities in the Government’s future adaptation framework as there’s still ‘who pays’ uncertainty
1st Oct 24, 1:45pm
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In its climate inquiry findings report, the Finance and Expenditure Committee says there needs to be clear mandates for climate adaptation funding and responsibilities in the Government’s future adaptation framework as there’s still ‘who pays’ uncertainty
Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise
5th Sep 24, 11:57am
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Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise
IAG NZ Chief Executive Amanda Whiting says insurer’s annual results showing $4.1 billion in gross written premium and $500.7 million in insurance profit ‘just demonstrate the sustainable outcome’
22nd Aug 24, 8:30am
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IAG NZ Chief Executive Amanda Whiting says insurer’s annual results showing $4.1 billion in gross written premium and $500.7 million in insurance profit ‘just demonstrate the sustainable outcome’
IAG New Zealand CEO says insurers need to ‘balance out the bad years with the good’ as the insurer reports a 15% increase in annual gross written premium to $4 billion and an annual insurance profit of $500.7 million
21st Aug 24, 12:24pm
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IAG New Zealand CEO says insurers need to ‘balance out the bad years with the good’ as the insurer reports a 15% increase in annual gross written premium to $4 billion and an annual insurance profit of $500.7 million
Suncorp NZ boss Jimmy Higgins encouraged by Parliament's cross-party climate inquiry but says reinsurer appetite won't improve until NZ has plans in place to tackle future natural hazard risks
20th Aug 24, 1:00pm
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Suncorp NZ boss Jimmy Higgins encouraged by Parliament's cross-party climate inquiry but says reinsurer appetite won't improve until NZ has plans in place to tackle future natural hazard risks
Climate adaptation not happening on the scale or at the pace needed, the Climate Change Commission says
16th Aug 24, 1:55pm
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Climate adaptation not happening on the scale or at the pace needed, the Climate Change Commission says
Federated Farmers tells government’s climate inquiry farmers need to ‘farm for a rainy day’
31st Jul 24, 3:29pm
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Federated Farmers tells government’s climate inquiry farmers need to ‘farm for a rainy day’
Who pays when it comes to climate adaptation is a distribution issue, according to the Reserve Bank
29th Jul 24, 3:07pm
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Who pays when it comes to climate adaptation is a distribution issue, according to the Reserve Bank
Climate risk expert says New Zealand needs a national flood adaptation platform to mitigate the rising costs and financial risks caused by floods
26th Jul 24, 10:03am
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Climate risk expert says New Zealand needs a national flood adaptation platform to mitigate the rising costs and financial risks caused by floods
Insurance Council tells Parliament’s Finance and Expenditure Committee natural hazard events are affecting global reinsurers’ view of NZ
16th Jul 24, 12:57pm
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Insurance Council tells Parliament’s Finance and Expenditure Committee natural hazard events are affecting global reinsurers’ view of NZ
Minister of Climate Change Simon Watts says the future success and resilience of New Zealand and its economy will be determined by how the Government prepares for climate change impacts
12th Jun 24, 10:22am
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Minister of Climate Change Simon Watts says the future success and resilience of New Zealand and its economy will be determined by how the Government prepares for climate change impacts
Parliament tasks a cross-party committee with working out how to cope with the risk of extreme weather events as climate change makes disasters more frequent
10th May 24, 11:54am
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Parliament tasks a cross-party committee with working out how to cope with the risk of extreme weather events as climate change makes disasters more frequent
Parliament's Finance & Expenditure Committee to conduct inquiry into climate adaptation with cross party support
10th May 24, 6:59am
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Parliament's Finance & Expenditure Committee to conduct inquiry into climate adaptation with cross party support
Christchurch City Council says its insurance premiums are up 20%, or $6.4 million, in the 2024/2025 financial year which is pushing proposed rate hike higher
21st Mar 24, 2:08pm
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Christchurch City Council says its insurance premiums are up 20%, or $6.4 million, in the 2024/2025 financial year which is pushing proposed rate hike higher
Minister of Commerce and Consumer Affairs Andrew Bayly says making New Zealanders wealthier is a key step towards good insurance outcomes
7th Mar 24, 11:18am
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Minister of Commerce and Consumer Affairs Andrew Bayly says making New Zealanders wealthier is a key step towards good insurance outcomes
Suncorp NZ’s CEO says central government needs to lead on climate adaptation because attempts made by private industry will be seen as ‘profit driven’
27th Feb 24, 9:05am
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Suncorp NZ’s CEO says central government needs to lead on climate adaptation because attempts made by private industry will be seen as ‘profit driven’
The NZ Infrastructure Commission's Geoff Cooper outlines how thinking slowly and acting fast could improve NZ's infrastructure
3rd Feb 24, 9:31am
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The NZ Infrastructure Commission's Geoff Cooper outlines how thinking slowly and acting fast could improve NZ's infrastructure
Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
12th Dec 23, 9:35am
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Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid