There’s a belief there may come a point when insurers’ goodwill runs out in areas most exposed to climate risk. 

AA Insurance has told Buller District Council it’s temporarily stopped offering new home and landlord cover in Westport due to flood risk, though existing policies can still be renewed. 

MinterEllisonRuddWatts insurance partner Andy Horne told Mike Hosking it’s unusual for an insurer to be this open. 

He says the reality is insurers are increasingly making risk-based decisions about where they’ll offer cover. 

LISTEN ABOVE 

There’s a belief there may come a point when insurers’ goodwill runs out in areas most exposed to climate risk.&nbsp;
AA Insurance has told Buller District Council it’s temporarily stopped offering new home and landlord cover in Westport due to flood risk, though existing policies can still be renewed.&nbsp;
MinterEllisonRuddWatts insurance partner Andy Horne told Mike Hosking it’s unusual for an insurer to be this open.&nbsp;
He says the reality is insurers are increasingly making risk-based decisions about where they’ll offer cover.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Andy Horne: MinterEllisonRuddWatts Litigation and Insurance Partner on AA pausing new insurance policies for properties in Westport

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/14bac04f-b310-43aa-9361-b3e101459eb3/transcript