The Impacts of Climate Change on Insurance costs
Our homes can be our greatest investment and protecting our homes against climate change has become more important than ever.
Our changing climate poses risks to our natural and built environments. Swiss Re in a global analysis of insurance risk said to “expect climate risks to raise global property premiums by 33-41% between 2020 and 2040”. The potential increase was deemed a direct consequence of our changing climate.
Our Climate Insights property report provides easily understood information on change to risks for your current or a future property. The report includes robust and actionable information for residential property owners, tenants and investors to enhance their property’s climate resilience.
Poll: What could the Christchurch City Council fund if it didn't have to pay GST on rates?
Christchurch mayor Phil Mauger says GST on rates, currently taken by central government, would be better spent locally.
The comments follow an Infometrics analysis that found over $1.1 billion of rates revenue nationwide was collected by the Government in 2022 as GST.
According to Infometrics, $88.5m of that came from Christchurch city ratepayers. It would be enough to save the Christ Church Cathedral from ruin; restore the Dux de Lux seven times over; cover both the Art Centre and Orana Wildlife Park’s request for regular public funding for over 26 years; contribute to light rail in Greater Christchurch; or get the South Library rebuild completed.
Read the full story by reporter Sinead Gill here and share your thoughts in the comments below. (Note: Subscription required. You can still read two free stories a month if you're not a ThePress.co.nz subscriber).
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20.4% Light rail
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5.6% South Library
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39.3% Orana Wildlife Park
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13.3% The Arts Centre
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3.1% Dux de Lux
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12.8% Christ Church Cathedral
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5.6% Something else (share your thoughts in the comments)
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