Insurance Council Warns About Sea Level Rise
Last week CEO of the Insurance Council of New Zealand Tim Grafton spoke in Thames about what climate change and sea-level rise means for the insurance cover for your house or business.
Mr. Grafton stated bluntly that as destructive sea flood events become more frequent, insurance companies will steadily raise insurance premiums and excesses, and eventually will withdraw cover for flood damage. How soon will depend on how quickly Jan 5 type storm surge events, or worse are repeated.
He also warned that banks will begin to shorten mortgage terms and will ultimately refuse to lend at all on at-risk coastal properties, causing values to plummet.
Read more here…
teggtalk.wordpress.com...
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.2% Yes! It's better to regift what I don't need
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20.8% No. It's the thought and effort that matters
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Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
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