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...
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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58.9% Yes, supporting people is important!
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25.1% No, individuals should take responsibility
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16% ... It is complicated
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.7% For. Self-service is less frustrating and convenient.
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43.1% I want to be able to choose.
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47.2% Against. I want to deal with people.
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