The Insurance Council's highlighting the tough balancing act facing the Government, over the Natural Hazard Commission insurance fund shortfall.  

The Government is signalling a home insurance levy increase to help bolster the Commission's kitty.  

Cabinet is set to decide on the changes in the coming months.  

Insurance Council Chief Executive Kris Faafoi told Mike Hosking it's a tricky task when money is tight.  

Faafoi says funds are necessary, as the commission provides the first payout, but increases will be tough given the current cost of living.  

Levies could increase between $200 and $300 a year.  

LISTEN ABOVE 

The Insurance Council's highlighting the tough balancing act facing the Government, over the Natural Hazard Commission insurance fund shortfall. &nbsp;
The Government is signalling a home insurance levy increase to help bolster the Commission's kitty. &nbsp;
Cabinet is set to decide on the changes in the coming months. &nbsp;
Insurance Council Chief Executive Kris Faafoi told Mike Hosking it's a tricky task when money is tight. &nbsp;
Faafoi says funds are necessary, as the commission provides the first payout, but increases will be tough given the current cost of living. &nbsp;
Levies could increase between $200 and $300 a year. &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

Kris Faafoi: Insurance Council CEO on the likely increase to the home insurance levy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c8231c39-c926-4b0e-8253-b2f201430db0/transcript