Extreme Weather

Climate Change

The climate risks you can’t insure away

By Rachael Pettigrew, Head of Risk Advisory, Willis NZ

Organisations can spend more time preparing for the last crisis than they do for the next one. Insurance remains one of the most effective tools for managing known risks. However, some of the biggest threats facing businesses today...
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Climate Change

New research provides insights into future floo...

By Graham Campbell, Director - Economics and Research, New Zealand Infrastruc...

Flooding - both inland and coastal - is already one of New Zealand's most costly natural hazards, and the costs are rising. New research by Earth Sciences New Zealand, commissioned by the New Zealand Infrastructure Commission, Te W...
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Climate Change

Kaikōura river's repair bill exposes New Zealan...

A $15 million scheme elsewhere avoided 10 times its cost

Private insurers have absorbed $31 billion of the more than $64 billion in total natural hazard costs New Zealand has incurred since 2010, while government spending on reducing that risk before disasters strike has remained at just 3%,...
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Climate Change

Climate resilience plans still have barriers to...

Understanding Climate Risk

Yvonne Moore, head of Zurich Resilience Solutions (UK), explains why resilience programmes stall inside organisations. She also sets out what a proactive climate strategy does to an underwriting conversation, and why that exchange...
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Climate Change

Climate Change Response Amendment Bill welcomed

Insurance Council of New Zealand

The Climate Change Response Amendment Bill has been welcomed by insurers for setting out a long-awaited framework for climate adaptation, but they warn that funding, implementation and durable political support will be critical to...
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Climate Change

New Zealanders call for stronger Government lea...

AMI, State and NZI 2026 climate poll

New Zealanders do not have confidence in the country’s ability to manage climate risks, according to the latest climate change poll from AMI, State and NZI. Just 27% of New Zealanders say they are confident the country can...
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Feature

More storms, more claims, more reasons to have ...

As a small island nation New Zealand has always lived with weather risk, but industry tracking shows storm-related claims were up more than 250% in the 12 months to February 2026. Storms struck somewhere in New Zealand roughly once...
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Feature

A storm every eight days: Weather claims spike ...

New data released recently reveals a record 46 storms over the past 12 months, driving a sharp rise in claims. Phil Gibson, AMI, State and NZI CEO, says: “Between autumn 2025 and summer 2026, our claims teams supported...
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Feature

In an election year, New Zealanders have the ch...

Kris Faafoi is Chief Executive of the Insurance Council of New Zealand | Te K...

New Zealand has started 2026 with a reminder about the reality of extreme weather. In January, communities across the upper North Island and East Cape experienced torrential rain, flooding and landslips that damaged homes, cut...
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IFSO Case Study

Rebuilding a flood damaged home

After severe flooding, the Chan* family’s house was badly damaged and needed to be rebuilt. Their insurer accepted the claim and agreed to cover the cost of rebuilding the home. However, a dispute arose about how high the...
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