News | Environment
14 Nov 2019 19:01
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  •   Home > News > Environment

    The country's largest insurer is rolling out changes to take into account risk from earthquakes and floods

    The country's largest insurer is rolling out changes to take into account risk from earthquakes and floods



    Last year, Insurance Australia Group changed the premiums for its AMI and State Insurance customers.

    It meant some areas had an average premium increase of 91-dollars - and others an average cut of 54-dollars.

    Herald Business reporter Duncan Bridgeman says other IAG customers who live in areas prone to natural disasters and severe weather may also have to pay more for insurance - from July first.

    He says every house will be assessed as to risk and weather events in their area and the modules will be adjusted accordingly.

    © 2019 Newstalk ZB, NZCity


     Other Environment News
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     12 Nov: The Levin District Court will be closed indefinitely from next Monday for earthquake strengthening
     11 Nov: Wellingtonians are being urged to take care on the region's wet roads
     10 Nov: A close call for Muriwai's famous gannet colony in Auckland, after fireworks sparked a vegetation fire nearby
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