FAST SPREADING RISKS CAUSE INSURER TROUBLE
Insurer Tower has extended its risk-based pricing to landslide and coastal hazards. It has just posted a half-year loss and it won't pay interim dividend. It does say it has strong reinsurance cover. Today NIWA released some coastal inundation maps to help industry and homeowners plan for what is coming with sea level rise and land subsidence over the next few decades. Remember, you can't get a mortgage without insurance, and you may not be able to keep a mortgage without insurance.
Source - Interest.co.nz
