Insurance costs could increase massively as climate risk rises - modeller - RNZ

Properties worth $1 million on Wellington's Petone foreshore could reach $100,000 each year to insure in 20 years, a climate risk expert says.

Properties worth $1 million on Wellington's Petone foreshore could reach $100,000 a year to insure in 20 years, a climate risk expert says. Flooding on Udy Street in Petone in 2016. Photo: RNZ / Aar… [+9311 chars]

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