LawNews staff As New Zealand’s flood, erosion and landslip risks escalate, insurers and banks are driving an emerging crisis in the housing market. Led by Tower, insurance companies are quietly updating their climate models, red-lining thousands of at-risk properties in flood or inundation zones and those at most risk of erosion. As a result, some homeowners are facing sky-high premiums, ratcheted up to match what Tower considers to be their specific risk. But while their premium hikes migh...
