'Baffling': Canterbury town red-listed by major insurer

'Baffling': Canterbury town red-listed by major insurer

A major insurer that put a halt to new home insurance policies in Westport has also stopped issuing them in a second town, in North Canterbury.

Second town red-listed by AA Insurance for new home insurance policies

AA Insurance says its decision to no longer issue policies in Woodend is due to reaching its maximum exposure to seismic risk - not a climate change-related hazard.

Rising insurance risk assessed ‘case-by-case’: FMG

Reading Time: 2 minutes FMG says it takes a case-by-case approach when deciding on insurance cover in areas where there are heightened natural hazards, such as flooding.  This is to ensure the insurance company is not overexposing itself to risk when it takes on insurance, a company spokesperson said in a statement. FMG was asked its response after RNZ reported that another insurance company, AA Insurance, temporarily stopped offering new home i…