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Home arrow Articles by Topic arrow Climate Change arrow Don't panic over insurance, coast property owners told
Don't panic over insurance, coast property owners told PDF Print E-mail
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Articles - Climate Change
Written by Mike Dinsdale, The Northern Advocate   
Monday, 16 April 2007
Chris Ryan

Chris Ryan
Chief Executive, ICNZ

Northland coastal property owners need not panic at the thought of their homes being left uninsurable in the face of a climate change, the Insurance Council of New Zealand says.

In its just-released its report, the United Nation's Intergovernmental Panel on Climate Change has painted dire predictions of the effects of global warming on Northland, particularly in coastal areas.

It says Northland can expect less rain, more severe flooding and storms and rising tides. The report also says coastal development along Northland's east coast will be at risk from the rising tides - up by 70mm - by 2050.

Insurance Council of NZ chief executive Chris Ryan said coastal property owners should not panic into believing this would leave their homes uninsurable.

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