Is the era of home buyouts after natural disasters over - and what will that mean for insurance?

Could the Government be taking a step back from helping homeowners after the elements make their homes unliveable? Recent extreme weather events have prompted a rethink of government housing protections. Billions of dollars have been spent over the years on buying out homes after natural disasters. But, in a changing world, and climate, where these events are happening harder and faster, is the idea of the Crown stepping in with unlimited cash unsustainable? Today on The Front Page, Insurance Council chief executive Kris Faafoi joins us to explain what the future looks like for homeowners. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsEditor: Richard MartinProducer: Ethan SillsSee omnystudio.com/listener for privacy information.

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Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture.  Subscribe now so you never miss an episode.