Rising household insurance premiums - Ian Simpson
Audio, Radio New Zealand
The Christchurch earthquakes could prompt a further shake up of the insurance industry. Home owners are already being hit with premium increases of up to 30%.
The Christchurch earthquakes could prompt a further shake up of the insurance industry. Home owners are already being hit with premium increases of up to 30%.
Rapid assessment teams are being sent out across quake hit Canterbury with the Earthquake Commission promising that up to 180-thousand homes will be inspected within the next eight weeks.
It's just over three weeks since a magnitude seven-point-one earthquake struck Canterbury, damaging infrastructure and destroying homes and businesses and the Earthquake Commission has already received over 75-thousand claims.