Man ditches home insurance after huge price jump based on risk

Audio, Radio New Zealand

A Christchurch man has ditched his home insurance after his premiums went up $1000, or 30% a year based on new risk pricing. Tower insurance has taken into account the risk of sea surge and landslips for the Burwood home, as well as earthquakes and flooding. But Trevor Taylor says his home is several kilometres from the sea and he can't fathom the insurer Tower's sea surge assessment. Trevor Taylor spoke to Lisa Owen.

Christchurch earthquake victim's husband says new rules 'putting money ahe…

Audio, Radio New Zealand

Money is being put ahead of lives according the husband of a woman who died when the CTV building pancaked in the Christchurch earthquake. The government is moving to a new risk based approach to earthquake strengthening, saying it will save building owners more than $8.2 billion across New Zealand. Under the rules a building like the CTV building would not automatically be deemed earhquake prone. Professor Mann Alkaisi who's wife died in that building, spoke to Lisa Owen.