Insurers have begun their retreat as climate change bites.

Back-to-back disasters in recent years have pushed insured loss into the billions and forced tough questions about what can still be covered.

Homeowners in flood and coast-exposed areas are starting to see higher premiums, exclusions and even the risk of losing cover altogether.

AA Insurance has gone the extra mile and stopped issuing new home insurance policies in several towns entirely.

So, who will pay when extreme weather keeps coming? Households, insurers, or the Government?

Today on The Front Page, journalist and publisher of The Kākā, Bernard Hickey is with us to explain how climate change is reshaping insurance – and what it means for where and how we live. 

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee