AA Insurance's decision to stop offering new home insurance policies in Westport due to flood risks has prompted discussion about the future of climate-based buyouts.

There's been debate over whether the Government will fund buyouts for homeowners living in areas at risk for weather damage, with many experts ruling the move as unlikely. 

Finance Minister Nicola Willis says there's a Natural Hazards scheme in place for homeowners impacted by flooding or landslides - and it's important to ensure people have the right insurance measures in place.

LISTEN ABOVE

AA Insurance's decision to stop offering new home insurance policies in Westport due to flood risks has prompted discussion about the future of climate-based buyouts.
There's been debate over whether the Government will fund buyouts for homeowners living in areas at risk for weather damage, with many experts ruling the move as unlikely.&nbsp;
Finance Minister Nicola Willis says there's a Natural Hazards scheme in place for homeowners impacted by flooding or landslides - and it's important to ensure people have the right insurance measures in place.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Nicola Willis: Finance Minister on whether the Government will consider climate change buy-outs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c6827f29-5081-4ec9-a090-b3e5006b0f93/transcript