There are expectations the Government continuing to step in to cover natural hazard costs for homeowners could create a moral hazard.  

An independent climate adaptation report reveals annual losses from weather-related events over the next 25 years could increase by a quarter.  

It warns the later we respond, the more disruptive the adjustment will be.  

Chair Matt Whineray told Heather du Plessis-Allan the best way forward is for people to understand what they can get and for the Government to move away from buyouts.  

He says this needs to be done over a period of time so the market has time to adjust and so people have fair warning and an opportunity to respond.  

LISTEN ABOVE 

There are expectations the Government continuing to step in to cover natural hazard costs for homeowners could create a moral hazard. &nbsp;
An independent climate adaptation report reveals annual losses from weather-related events over the next 25 years could increase by a quarter. &nbsp;
It warns the later we respond, the more disruptive the adjustment will be. &nbsp;
Chair Matt Whineray told Heather du Plessis-Allan the best way forward is for people to understand what they can get and for the Government to move away from buyouts. &nbsp;
He says this needs to be done over a period of time so the market has time to adjust and so people have fair warning and an opportunity to respond. &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

Matt Whineray: Ministry for the Environment Independent Reference Group Chair on the need for the Govt to move away from natural hazard buyouts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e05c9fc2-1ce0-4034-a7d9-b31501531f44/transcript