Consumer NZ recently described the situation as “serious” and called for urgent government action, citing concerns about both affordability and the way the market is functioning. For example, the scheme largely treats earthquake, flood (in respect of land damage) and landslide risks the same for the purposes of levies and cover. The real challenge is to decide whether the model we rely on remains fit for purpose and sustainable in the decades ahead.
Author: Rohan Havelock, Lecturer, Faculty of Law, University of Auckland, Waipapa Taumata Rau
Published at: 2026-03-04 23:15:09
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