Wet feet? Insurance Retreat... | Webinar with Belinda Storey
Climate change and the future of insurance
Climate change is a slow-moving disaster that will affect all communities across Aotearoa. It might hit some of us this year, or in the next 10 years, or it might eventually take out a home we have deep historical attachment to.
Worsening coastal hazards are not yet fully reflected in homeowners’ decisions to purchase, develop or renovate coastal property. New Zealand is also still building new residential developments in climate-risky locations.
What does this mean for our house insurance?
Within our four largest cities, at least 10,000 houses currently sit within a 1-in-100-year coastal flood zone. Nationally, around 450,000 houses are within 1km of the coast. These homes are likely to be affected by more frequent and intense storms and by sea level rise. In this seminar, Belinda Storey (Climate Sigma) will take you through her much-anticipated research into "Climate change and the withdrawal of insurance."
About our presenter
Belinda is a principal investigator with the Deep South Challenge and is managing director of the Whakahura Extreme Events and the Emergence of Climate Change research programme. She is managing director of Climate Sigma, which provides scenario analysis and asset valuation on the physical risks of climate change. Belinda serves as a director on the board of Pamu – Landcorp Farming Ltd, and was previously a member of the Wellington Mayoral Taskforce on Insurance. Belinda has a MBA in Finance from Columbia University of New York and a Masters in Disaster Risk from the University of Canterbury.