Climate change is already putting the heat on insurance companies – Auckland's floods could be a turning point
- Written by Michael Naylor, Senior Lecturer in Economics, Massey University
Getty ImagesThe clean-up from Auckland’s devastating floods last week is just beginning but insurance companies will need to start thinking about what the record-breaking weather event will mean for future coverage.
Over 24 hours, 249mm of rain fell across the Auckland region – well above the previous record of 161.8mm. Around 5000...
